BELLEVUE, Wash., Sept. 10, 2019 /PRNewswire/
– Bsquare Corporation (NASDAQ: BSQR) today reports
a grant of a non-qualified stock option to purchase 129,173 shares
of common stock under the company's 2011 Inducement Award Plan
to Christopher Wheaton, who joined Bsquare as its
Chief Financial officer on September 9, 2019 (the "grant
date").
The option has a 10-year term and will vest 25% on the first
anniversary of the grant date with the balance vesting in equal
monthly installments for three years thereafter, subject to Mr.
Wheaton's continued employment with the company, and the exercise
price is $1.27 per share, which was
the closing price of the company's common stock on the grant
date.
The grant was approved on August 20,
2019 by the company's Compensation Committee including, a
majority of its independent directors. In accordance with NASDAQ
Listing Rule 5635(c)(4), the grant was made as an inducement
material to Mr. Wheaton's entering into an employment relationship
with Bsquare.
About Bsquare
Bsquare builds technology that is powering the next generation
of intelligent devices and the systems in which they operate. We
believe the promise of IoT will be realized through the development
of intelligent devices and intelligent systems that are cloud
enabled, contribute data, facilitate distributed control &
decision making, and operate securely at scale. Bsquare's suite of
services and software components allow our customers to create new
revenue streams and operating models while providing new
opportunities for lowering costs and improving operations. We serve
a global customer base from offices in Bellevue, Washington, the United Kingdom and Taiwan. For more information, please visit
www.bsquare.com.
Contact
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Bsquare
contact
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Investors
contact
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Ralph C. Derrickson,
President & CEO
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Leslie
Phillips
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Bsquare
Corporation
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Blueshirt
Group
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+1
425.519.5900
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+1
415.217.5869
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investorrelations@bsquare.com
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leslie@blueshirtgroup.com
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BSQUARE, the BSQUARE Logo and DataV are trademarks of BSQUARE
Corporation in the U.S. and other countries. Other names and brands
herein may be trademarks of others.
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SOURCE Bsquare