LAKE SUCCESS, N.Y.,
April 4, 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™, today announced that the independent
Compensation Committee of its Board of Directors approved an
inducement award for a new employee,
Alan Cranston, Chief Transformation
Officer (the "Inducement Award").
The Inducement Award was granted
on March 29, 2019 under The Hain
Celestial Group, Inc. 2019 Equity Inducement Award Program, which
was approved by the Company's Board of Directors on February 15, 2019 and provides for the granting
of equity awards to new employees of the Company. The
Inducement Award was granted as an
inducement material to the new employee's acceptance of employment
with the Company, in accordance with NASDAQ Listing Rule
5635(c)(4).
Mr. Cranston will receive an
inducement award of 187,014 Performance Share Units ("PSUs")
intended to represent long-term incentive opportunities for fiscal
years 2019 to 2021. The total shares earned pursuant to the
Inducement Award shall range from 0
to 187,014 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 hire.
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.