Salary.com Announces Sale of Over-allotment Shares
February 27 2007 - 5:47PM
Business Wire
Salary.com, Inc. (NASDAQ: SLRY) a leading provider of on-demand
compensation management solutions, today announced that the
underwriters of its initial public offering have exercised in full
their over-allotment option to purchase an additional 855,000
shares of common stock at the initial public offering price of
$10.50 per share. Salary.com sold 349,757 shares and existing
stockholders sold 505,243 shares in connection with the exercise of
the over-allotment option. Thomas Weisel Partners LLC was the sole
book-runner on the company�s initial public offering, William Blair
& Company acted as co-lead manager and Needham & Company,
LLC, Wachovia Securities, and Pacific Crest Securities acted as
co-managers. A registration statement relating to these securities
was declared effective by the Securities and Exchange Commission on
February 14, 2007. This press release shall not constitute an offer
to sell or the solicitation of an offer to buy, nor shall there be
any sale of these securities, in any state in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state. A copy
of the prospectus related to this offering may be obtained from
Thomas Weisel Partners LLC, One Montgomery Street, Suite 3700, San
Francisco, California 94104, or by calling 415-364-2720. The
prospectus also is available on the Securities and Exchange
Commission website at http://www.sec.gov. About Salary.com, Inc.
Salary.com is a leading provider of on-demand compensation
management solutions helping businesses and individuals manage pay
and performance. Salary.com provides companies of all sizes
comprehensive on-demand software applications that are tightly
integrated with its own proprietary compensation data sets, thereby
automating the essential elements of the compensation management
process and significantly improving the effectiveness of its
client�s compensation spend. For more information, visit
www.salary.com. (SLRY-F)
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