Nautilus, Inc. Announces Inducement Grant Under NYSE Rule 303A.08
March 11 2020 - 4:05PM
Business Wire
Nautilus, Inc. (NYSE: NLS) today announced it has granted a
certain equity award as a material inducement to employment with
Nautilus to Becky Alseth, who was appointed as Vice President,
Marketing on March 2, 2020.
Ms. Alseth was granted an inducement grant of 25,000 restricted
stock units (“RSUs”). The inducement RSUs will vest in full on the
third anniversary of the date of Ms. Alseth’s appointment, subject
to Ms. Alseth’s continued service through such vesting date. The
vesting of the inducement RSUs will be fully accelerated in the
event of certain changes in control of Nautilus.
The inducement RSUs were approved by the Compensation Committee
of Nautilus’ Board of Directors on February 18, 2020, in accordance
with NYSE Listed Company Rule 303A.08 and will be subject to terms
and conditions that are substantially similar to RSUs granted under
the Nautilus 2015 Long-Term Incentive Plan.
About Nautilus, Inc.
Headquartered in Vancouver, Washington, Nautilus, Inc. (NYSE:
NLS) is a global technology-driven fitness solutions company that
believes everyone deserves a fit and healthy life. With a brand
portfolio including Bowflex®, Nautilus®, Octane Fitness®, and
Schwinn®, Nautilus, Inc. develops innovative products to support
healthy living through direct and retail channels as well as in
commercial channels. Nautilus, Inc. uses the investor relations
page of its website (www.nautilusinc.com/investors) to make
information available to its investors and the market.
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version on businesswire.com: https://www.businesswire.com/news/home/20200311005469/en/
Media Contacts: John Fread Nautilus, Inc. 360-859-5815
jfread@nautilus.com
Carey Kerns The Hoffman Agency 503-754-7975
ckerns@hoffman.com
Investor Relations: John Mills ICR, LLC 646-277-1254
john.mills@ICRinc.com
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