NEW YORK, April 10, 2018 /PRNewswire/ -- DHI Group, Inc.
(NYSE: DHX), a leading online career resource and talent
acquisition platform for technology professionals and other select
professional communities, today announced Art Zeile will join the Company as Chief
Executive Officer, succeeding current CEO Michael Durney, effective today.
Mr. Zeile joins DHI with an extensive history in leading
technology firms, including those focused on cloud computing,
managed data centers and videconferencing services. Prior to
joining DHI, Mr. Zeile was the co-founder and CEO of HOSTING, a
company delivering secure, compliant and highly available cloud
solutions to enterprise customers. Mr. Zeile has raised over
$500 million in equity and debt
capital and successfully delivered growth strategies for early
stage companies, acquisition platforms and turnaround
opportunities. Over the course of his career, Mr. Zeile has served
on multiple boards, lending him a unique perspective on
opportunities for public, and private, companies.
John Barter, Chairman of the
Board, commented, "When we began the search for a new CEO, we had a
long list of requirements needed to fill this critical role. Art
satisfies all of these requirements and more. Our process was
thorough and after meeting with many qualified candidates, it was
Art's extensive background with scaling technology companies from
infancy to maturity, leadership through numerous acquisitions and
divestitures, and experience driving revenue at a number of
companies that confirmed he's the best person to guide DHI into the
next phase of its journey, and ultimately return the business to
growth."
"I'm honored to assume this important role at DHI at a time when
the rapidly changing market is hungry for an innovative approach to
next-generation recruitment solutions and tech professionals are
eager for state-of-the-art career management tools," said
Art Zeile. "DHI's strong foundation
and focused strategy well positions the Company for a bright future
and I look forward to leading, and contributing, to its future
success."
Mr. Durney will stay on in an advisory capacity through the end
of April.
Inducement Grant Under NYSE Rule 303A.08
In connection with his employment, Mr. Zeile and the Company
entered into an employment agreement which provides for, among
other things, a grant of 1,750,000 time-based restricted shares of
DHI's common stock. 25% of the restricted shares will vest on
April 10, 2019 and 6.25% of the
restricted shares will vest on the first day of each calendar
quarter thereafter. Mr. Zeile is also entitled to an award of
750,000 performance-based restricted stock units, which will be
made in accordance with a performance-based restricted stock unit
program created by the Company in consultation with Mr. Zeile by
December 31, 2018. The Compensation
Committee of the Company's Board of Directors granted these awards
as a material inducement to Mr. Zeile's employment as Chief
Executive Officer of the Company. The foregoing awards were not
granted under the Company's 2012 Omnibus Equity Award Plan but were
instead granted under the employment inducement exemption provided
under the NYSE listing standards. As a result, the awards did not
require stockholder approval, and this information in this press
release is being issued pursuant to applicable NYSE guidance.
Investor & Media Contact
Rachel Ceccarelli
Director of Corporate Communications
212-448-8288
About DHI Group, Inc.
DHI Group, Inc. (NYSE: DHX) is a leading provider of data,
insights and employment connections through our specialized
services for technology professionals and other select online
communities. Our mission is to empower tech professionals and
organizations to compete and win through expert insights and
relevant employment connections. Employers and recruiters use our
websites and services to source, hire and connect with the most
qualified and highly-skilled tech professionals, while
professionals use our websites and services to find ideal
employment opportunities, relevant job advice and tailored
career-related data. For over 25 years, we have built our Company
on providing employers and professionals with career connections,
news, tools and information. Today, we serve multiple markets
located throughout North America, Europe, the Middle
East and the Asia Pacific region. Find out more
at www.dhigroupinc.com.
Forward-Looking Statements
This press release and oral statements made from time to time by
our representatives contain forward-looking statements. You should
not place undue reliance on those statements because they are
subject to numerous uncertainties and factors relating to our
operations and business environment, all of which are difficult to
predict and many of which are beyond our control. Forward-looking
statements include, without limitation, information concerning our
possible or assumed future results of operations. These statements
often include words such as "may," "will," "should," "believe,"
"expect," "anticipate," "intend," "plan," "estimate" or similar
expressions. These statements are based on assumptions that we have
made in light of our experience in the industry as well as our
perceptions of historical trends, current conditions, expected
future developments and other factors we believe are appropriate
under the circumstances. Although we believe that these
forward-looking statements are based on reasonable assumptions, you
should be aware that many factors could affect our actual financial
results or results of operations and could cause actual results to
differ materially from those in the forward-looking statements.
These factors include, but are not limited to, our review of
strategic alternatives from time to time, our ability to execute
our tech-focused strategy, the review of potential dispositions of
certain of our businesses and the terms and timing of any such
transactions, competition from existing and future competitors in
the highly competitive market in which we operate, failure to adapt
our business model to keep pace with rapid changes in the
recruiting and career services business, failure to maintain and
develop our reputation and brand recognition, failure to increase
or maintain the number of customers who purchase recruitment
packages, cyclicality or downturns in the economy or industries we
serve, the uncertainty surrounding the United
Kingdom's future departure from the European Union,
including uncertainty in respect of the regulation of data
protection and data privacy, failure to attract qualified
professionals to our websites or grow the number of qualified
professionals who use our websites, failure to successfully
identify or integrate acquisitions, U.S. and foreign government
regulation of the Internet and taxation, our ability to borrow
funds under our revolving credit facility or refinance our
indebtedness and restrictions on our current and future operations
under such indebtedness. These factors and others are discussed in
more detail in the Company's filings with the Securities and
Exchange Commission (the "SEC"), all of which are available on
the Investors page of our website at www.dhigroupinc.com,
including the Company's Annual Report on Form 10-K for the fiscal
year ended December 31, 2017 to be filed with
the SEC, under the headings "Risk Factors," "Forward- Looking
Statements" and "Management's Discussion and Analysis of Financial
Condition and Results of Operations."
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SOURCE DHI Group, Inc.