LAKE SUCCESS, N.Y.,
May 17, 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 the
Company's Board of Directors approved an inducement award for a new
employee, Kevin McGahren, Executive Vice President, and
President North America, who will be responsible for leading Hain
Celestial's teams in North America
including marketing and research and
development (the "Inducement Award").
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The Inducement Award was granted on May
15, 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 Mr. McGahren's acceptance of employment with the
Company, in accordance with NASDAQ Listing Rule 5635(c)(4).
Mr. McGahren will receive an inducement award of 213,390
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 213,390 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®, 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®, Yorkshire
Provender®, Yves Veggie Cuisine® and William's™.
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SOURCE The Hain Celestial Group, Inc.