LAKE SUCCESS, N.Y.,
Feb. 20, 2019 /PRNewswire/
-- The Hain Celestial Group, Inc. (Nasdaq: HAIN) ("Hain
Celestial" or the "Company"), a leading organic and natural
products company with operations in North
America, Europe,
Asia and the Middle East providing consumers with A
Healthier Way of Life™, announced that the Board of Directors (the
"Board"), including a majority of independent directors, has
approved inducement awards for two recently hired executives,
Christopher Boever, Chief Customer
Officer, and Robert Gulliver, Chief
Human Resources Officer (collectively, the "Inducement
Awards").
The Inducement Awards were made pursuant to The Hain Celestial
2019 Equity Inducement Award Program, which was approved by the
Board on February 15, 2019 and
provides for the granting of equity awards to new employees.
The Inducement Awards were granted as an inducement material to the
new employees' acceptance of employment with the Company, in
accordance with NASDAQ Listing Rule 5635(c)(4).
Boever and Gulliver will each receive an Inducement Award of
369,720 Performance Share Units, intended to represent long-term
incentive opportunities for fiscal years 2019 to 2021. The
total shares earned pursuant to the Inducement Awards shall range
from 0 to 369,720 based upon the Company's achievement of certain
pre-established performance goals with respect to compound annual
total shareholder return over the three-year period beginning on
November 6, 2018, aligned with the
inducement award granted to Mark. L Schiller, President and Chief
Executive Officer, in connection with his appointment.
About The Hain Celestial Group, Inc.
The Hain Celestial Group (Nasdaq: HAIN), headquartered in
Lake Success, NY, is a leading
organic and natural products company with operations in
North America, Europe, Asia
and the Middle East. Hain
Celestial participates in many natural categories with well-known
brands that include Alba Botanica®, Almond Dream®, Arrowhead
Mills®, Avalon Organics®, Bearitos®, Better Bean®, BluePrint®,
Casbah®, Celestial Seasonings®, Clarks™, Coconut Dream®, Cully
& Sully®, Danival®, DeBoles®, Earth's Best®, Ella's Kitchen®,
Europe's Best®, Farmhouse Fare™,
Frank Cooper's®, Gale's®, Garden of
Eatin'®, GG UniqueFiber™, Hain Pure Foods®, Hartley's®, Health
Valley®, Imagine®, JĀSÖN®, Johnson's Juice Co.®, Joya®, Kosher
Valley®, Lima®, Linda McCartney's®
(under license), Live Clean®, MaraNatha®, Mary Berry (under license), Natumi®, New Covent
Garden Soup Co.®, Orchard House®, Queen Helene®, Rice Dream®,
Robertson's®, Rudi's Gluten-Free Bakery®, Rudi's Organic Bakery®,
Sensible Portions®, Spectrum Organics®, Soy Dream®, Sun-Pat®,
Sunripe®, SunSpire®, Terra®, The Greek Gods®, Tilda®, Walnut
Acres®, WestSoy®, Yorkshire Provender®, Yves Veggie Cuisine® and
William's™.
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SOURCE The Hain Celestial Group, Inc.