PRGX Global, Inc. Announces Appointment of New Managing Director, Commercial & Contract Compliance - Europe
September 05 2017 - 7:03PM
PRGX Global, Inc. (Nasdaq:PRGX), a global leader in Recovery Audit
and Spend Analytics services, today announced that John Heighway
has been named Managing Director, Commercial & Contract
Compliance for Europe. Mr. Heighway joins the Company from
Connolly, a division of Cotiviti Holdings Inc., where he served as
Managing Director, Europe, responsible for leading the overall
financial, sales and operational activities for the European
region. From 1999 to 2003, Mr. Heighway served as Operations
Director and Business Development Director for PRGX UK Ltd. Mr.
Heighway began his career with Alliance & Leicester.
“We are excited to have John join PRGX, and look
forward to leveraging his extensive knowledge and experience,” said
Robert Donohue, Vice President - Commercial & Contract
Compliance.
In connection with Mr.
Heighway’s employment, on September 1, 2017, the Company
granted equity awards to Mr. Heighway consisting of
options to purchase 15,000 shares of the Company's common stock.
The options will vest in equal one-third increments on each of
September 1, 2018, September 1, 2019, and September
1, 2020, subject to Mr. Heighway’s continued employment with the
Company. The options have an exercise price of $6.85 per
share. The options will vest in full in the event of a change in
control of the Company, provided Mr. Heighway remains continuously
employed by the Company until such event.
The grants were approved by the compensation
committee of the Company's board of directors, which committee is
comprised solely of independent directors, and were granted as an
inducement material to Mr. Heighway entering into employment with
the Company in accordance with Nasdaq Listing Rule 5635(c)(4).
About PRGX
PRGX Global, Inc. is a global leader in Recovery
Audit and Spend Analytics services. With over 1,400
employees, the Company serves clients in more than 30 countries and
provides its services to 75% of the top 20 global retailers and
over 30% of the top 50 companies in the Fortune 500. PRGX delivers
more than $1 billion in cash flow improvement for its clients each
year. The creator of the recovery audit industry more than 40
years ago, PRGX continues to innovate through technology and
expanded service offerings. In addition to Recovery Audit,
the Company provides Contract Compliance, Spend Analytics and
Supplier Information Management services to improve clients’
financial performance and manage risk. For additional information
on PRGX, please visit www.prgx.com.
Forward-Looking Statements
In addition to historical information, this press
release includes certain forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
Such statements include both implied and express statements
regarding the Company's overall condition and growth prospects, the
Company’s execution of its transformation strategy, and the
Company’s investments in, and opportunities associated with, its
growth platforms, including its analytics and supplier information
services businesses. Such forward-looking statements are not
guarantees of future performance and are subject to risks,
uncertainties and other factors that may cause the actual results,
performance or achievements of the Company to differ materially
from the historical results or from any results expressed or
implied by such forward-looking statements. Risks that could affect
the Company's future performance include revenue that does not meet
expectations or justify costs incurred, the Company's ability to
develop material sources of new revenue in addition to revenue from
its core recovery audit services, changes in the market for the
Company's services, the Company's ability to retain and attract
qualified personnel, the Company's ability to integrate recent and
future acquisitions, uncertainty in the credit markets, the
Company's ability to maintain compliance with its financial
covenants, client bankruptcies, loss of major clients, and other
risks generally applicable to the Company's business. For a
discussion of other risk factors that may impact the Company's
business, please see the Company's filings with the Securities and
Exchange Commission, including its Form 10-K filed on March 16,
2017. The Company disclaims any obligation or duty to update or
modify these forward-looking statements.
This news release was distributed by
GlobeNewswire, www.globenewswire.com
CONTACT: PRGX Global, Inc.
Ron Stewart, President and Chief Executive Officer
770.779.3900
600 Galleria Parkway, Suite 100
Atlanta, GA 30339
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