Harte Hanks Updates Disclosure Pursuant to NYSE Rule 303A.08
November 15 2017 - 5:11PM
Harte Hanks (NYSE:HHS), a leader in developing customer
relationships, experiences and interaction-led marketing, today
announced additional details of its previously announced employment
inducement awards granted to Mr. Jon C. Biro in connection with his
appointment as its new Executive Vice President & Chief
Financial Officer. Harte Hanks’ independent directors
approved the employment inducement awards (the “Inducement Awards”)
as a material inducement to Mr. Biro to accept his offer of
employment, in reliance on the employment inducement award
exemption to New York Stock Exchange Listing Rule 303A.08.
The Inducement Awards were denominated in dollar
amounts when awarded, and the number of shares underlying each
award has now been determined as follows: Mr. Biro received
(i) a non-qualified stock option award for 338,552 shares with an
exercise price equal to the closing market price per share of Harte
Hanks’ common stock on the date of grant, which option shall vest
in four equal installments on the first four anniversaries of the
date of grant and expire on the tenth anniversary of the date of
grant; (ii) an award of 240,000 restricted stock units, which units
vest in three equal installments on the first three anniversaries
of the date of grant, and (iii) 180,000 performance stock units,
which units vest on (and are subject to) the same conditions,
allocations and performance criteria as the annual performance
stock unit awards made to the Company’s other executive officers
for 2017. The Inducement Awards are subject to vesting acceleration
upon certain transactions involving the Company.
About Harte Hanks:Harte Hanks is a
global marketing services firm specializing in multi-channel
marketing solutions that connect our clients with their customers
in powerful ways. Experts in defining, executing and
optimizing the customer journey, Harte Hanks offers end-to-end
marketing services including consulting, strategic assessment,
data, analytics, digital, social, mobile, print, direct mail and
contact center. From visionary thinking to tactical
execution, Harte Hanks delivers smarter customer interactions for
some of the world's leading brands. Harte Hanks’ 5,000+ employees
are located in North America, Asia-Pacific and Europe. For
more information, visit Harte Hanks at www.hartehanks.com, call
800-456-9748, email us at pr@hartehanks.com. Follow us on
Twitter @hartehanks or Facebook at
https://www.facebook.com/HarteHanks.
Contact:Scott HamiltonPublic &
Investor Relations(303) 214 - 5563scott.hamilton@hartehanks.com
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