Hall of Fame Resort & Entertainment Company Announces Inducement Equity Grants
November 18 2020 - 8:44PM
Business Wire
Hall of Fame Resort & Entertainment Company (“HOFV” or the
“Company”) (NASDAQ: HOFV, HOFVW), the only resort, entertainment
and media company centered around the power of professional
football and owner of the Hall of Fame Village powered by Johnson
Controls in Canton, Ohio, today announced that it granted to Olivia
Steier, as an inducement to accept her appointment as EVP Content
Development / Distribution, 66,460 restricted stock units (the
“RSUs”) with respect to the Company’s common stock, $0.0001 par
value. The Company also granted to Scott Langerman, as an
inducement to accept his appointment as EVP Media Business
Development, 131,694 RSUs. The grants were made as inducement
awards in accordance with each executive’s offer of employment and
were not granted under the Company’s 2020 Omnibus Incentive Plan
(the “2020 Plan”), but are subject to substantially the same terms
and conditions as the 2020 Plan. For each executive, the grants,
which are subject to award agreements, will vest in one-third
increments on each of the first, second and third anniversary of
such executive’s start date, subject to continued service through
each applicable vesting date.
About the Hall of Fame Resort & Entertainment
Company
The Hall of Fame Resort & Entertainment Company (NASDAQ:
HOFV, HOFVW) is a resort and entertainment company leveraging the
power and popularity of professional football and its legendary
players in partnership with the Pro Football Hall of Fame.
Headquartered in Canton, Ohio, the Hall of Fame Resort &
Entertainment Company is the owner of the Hall of Fame Village
powered by Johnson Controls, a multi-use sports, entertainment and
media destination centered around the Pro Football Hall of Fame's
campus. Additional information on the Company can be found at
www.HOFREco.com.
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Media/Investor Contacts:
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