PROS Holdings, Inc. Reports Inducement Grants Under Section 303A.08 of the NYSE Listed Company Manual
November 30 2021 - 8:50AM
Business Wire
PROS® (NYSE: PRO) a provider of SaaS solutions optimizing
shopping and selling experiences, today announced that in
connection with its previously announced acquisition of EveryMundo,
LLC (“EveryMundo”), the company granted special inducement equity
awards under the PROS Holdings, Inc. 2021 Equity Inducement Plan to
induce certain EveryMundo employees (13 in total) to join the PROS
group. The company granted equity awards for an aggregate of
332,004 shares in the form of time-based restricted stock units
(RSUs). Seth Cassel and Anton Diego, the founders of EveryMundo
were each granted 141,884 time-based RSUs. A total of 48,236
time-based RSUs were granted to 11 employees of EveryMundo who will
become employees of the PROS group. The inducement RSUs generally
vest in equal installments on each anniversary of the grant date
over four years, subject to continued employment through each
applicable vesting date. The equity awards were approved by the
Compensation and Leadership Development Committee of the PROS board
of directors and were granted as a material inducement to
employment with the PROS group. These Inducement Awards were
granted outside of the PROS Amended and Restated 2017 Equity
Incentive Plan.
The PROS Compensation and Leadership Development Committee
approved the Inducement Awards based on the employment inducement
exemption provided under Section 303A.08 of the NYSE Listed Company
Manual. As a result, the Inducement Awards did not require
shareholder approval, and this press release is being issued
pursuant to applicable NYSE guidance.
About PROS
PROS Holdings, Inc. (NYSE: PRO) is a leading provider of SaaS
solutions that optimize shopping and selling experiences. Built on
the PROS Platform, these intelligent solutions leverage business
AI, intuitive user experiences and process automation to deliver
frictionless, personalized purchasing experiences designed to meet
the real-time demands of today’s B2B and B2C omnichannel shoppers,
regardless of industry. To learn more, visit www.pros.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20211130005362/en/
PROS Investor Relations Contact Belinda Overdeput
713-335-5895 ir@pros.com
PROS Media Relations Contact Amy Sachrison 713-335-5141
asachrison@pros.com
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