Tremor Video, Inc. Announces Employment Inducement Award to Chief Marketing Officer
September 27 2016 - 4:10PM
Business Wire
Tremor Video, Inc. (NYSE:TRMR), today announced that it has
granted an employment inducement award to Jennifer Catto, the
Company’s Chief Marketing Officer, in connection with the
commencement of her employment on September 26, 2016.
The award consists of an option to purchase 125,000 shares of
the Company’s common stock at an exercise price of $1.58 per share,
the closing price of the Company’s common stock on the New York
Stock Exchange on the date of grant. The option vests as to 25% of
the shares underlying the award on the first anniversary of the
date of grant, with the remainder of the shares vesting in equal
monthly installments over the next three years thereafter, provided
that Ms. Catto continues to provide services to the Company on each
such vesting date. Additionally, the award may be subject to
accelerated vesting in the event that Ms. Catto is terminated
without cause or resigns for good reason following the closing of a
change in control transaction.
The award was approved by the Compensation Committee of the
Company’s Board of Directors in reliance on the employment
inducement exception to shareholder approval under Section 303A.08
of the New York Stock Exchange Listed Company Manual, and therefore
was not granted under the Company’s shareholder-approved equity
plan.
About Tremor Video
Tremor Video (NYSE:TRMR) provides software for video advertising
effectiveness. Our buyer and seller platforms enable seamless
transactions in a premium video marketplace by offering control and
transparency to clients. We employ patented all-screen technology
to make every advertising moment more relevant for consumers, and
deliver maximum results for buyers and sellers.
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version on businesswire.com: http://www.businesswire.com/news/home/20160927006240/en/
Tremor VideoMediaMandy Robinson,
646-278-7416mrobinson@tremorvideo.comorInvestor
RelationsAndrew Posen, 212-792-2315IR@TremorVideo.com
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