NEW YORK, Sept. 13, 2016 /PRNewswire/ -- TheStreet, Inc.
(NASDAQ: TST), a leading financial news and information company,
today announced that Terri Smith has
been named Chief Marketing Officer. Ms. Smith will lead the
marketing organization and initiatives across TheStreet's portfolio
of business and personal finance brands.
Smith, an accomplished marketing leader, brings to the position
more than 20 years of experience and a track record of driving
visibility and revenue in competitive markets. Prior to joining
TheStreet, Ms. Smith was Group Associate Publisher of Marketing at
Meredith Corporation, a multi-platform media company, where she was
responsible for marketing efforts across four lifestyle brands. She
has also held senior marketing positions at Condé Nast and The
New York Times.
Smith will report to the company's Chief Executive Officer,
David Callaway, who said, "Terri
brings exceptional marketing expertise to TheStreet. Her leadership
and experience will be key assets as we build our new branding
strategy."
In connection with Ms. Smith's employment, on September 12, 2016, the company also granted an
inducement award to Ms. Smith. The award was approved by the
Compensation Committee, as an inducement material to her acceptance
of employment with the company in accordance with NASDAQ Listing
Rule 5635(c)(4).
The inducement grant to Ms. Smith consists of an option to
purchase 150,000 shares of the company's common stock with an
exercise price of $1.15 per share,
equal to the closing price of the company's common stock as
reported by NASDAQ on September 12,
2016, the grant date. The option has a seven-year term
and vests over a period of three years, with one-third vesting
after one year of employment and the remaining two-thirds vesting
in approximately equal monthly increments over the succeeding
twenty-four months, subject to Ms. Smith's continued service
relationship with the company through each vesting date, and
subject to acceleration or forfeiture upon the occurrence of
certain events as set forth in her option agreement.
About TheStreet
TheStreet, Inc. (www.t.st) is a leading independent digital
financial information services company providing business and
financial news, investing ideas and analysis to personal and
institutional investors worldwide. The Company's portfolio of
business and personal finance brands includes: TheStreet,
RealMoney, Action Alerts PLUS and MainStreet. To learn more, visit
www.thestreet.com. The Deal, the Company's institutional
business, provides intraday coverage of mergers and acquisitions
and all other changes in corporate control, and through its BoardEx
product, director and officer profiles. To learn more, visit
www.thedeal.com and www.boardex.com. RateWatch provides rate and
fee data from banks and credit unions across the U.S. for a wide
variety of banking products. To learn more, visit
www.rate-watch.com
Contact: Eric Lundberg, Chief
Financial Officer, TheStreet, Inc., ir at thestreet.com,
John Evans, Investor Relations, PIR
Communications, 415-309-0230, ir at thestreet.com
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SOURCE TheStreet, Inc.