Furmanite America Executive Receives Stock Option Grant
December 08 2006 - 6:57PM
Business Wire
Xanser Corporation (NYSE: XNR) today announced that it has granted
Xanser stock options in connection with the initial employment of
an executive of its subsidiary, Furmanite America, Inc. James L.
Tidmore, Vice President - Western Division was granted options to
purchase 20,000 shares of Xanser Corporation common stock. The
above option grants are at 100% of the closing market price of
$5.40 on the effective date of the grant, December 6, 2006. The
stock options will become exercisable in 20% increments annually
commencing December 6, 2007 and will expire on March 7, 2012,
unless earlier due to separation from service of the company. ABOUT
XANSER CORPORATION Xanser Corporation (NYSE: XNR) provides
technology-based and technical services worldwide. Headquartered in
Dallas, Texas, Xanser�s operations consist of an international
technical services firm, Furmanite, and an information technology
services company, Xtria. Furmanite, one of the world�s largest
specialty technical services companies, delivers a broad portfolio
of engineering solutions that keep facilities operating, minimizing
downtime and maximizing profitability. Furmanite�s diverse, global
customer base includes offshore drilling operations, pipelines,
refineries and power generation facilities, chemical and
petrochemical plants, steel mills, automotive manufacturers, pulp
and paper mills, food and beverage processing plants,
semi-conductor manufacturers and pharmaceutical manufacturers.
Furmanite operates more than 50 offices on five continents. Xtria
provides a portfolio of innovative technology solutions to the
government markets. For more information, visit www.xanser.com.
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