Emcore announces inducement plan and grants under nasdaq listing rule 5635(c)(4)
Alhambra, calif., aug. 12, 2022 (globe newswire) -- emcore corporation (nasdaq: emkr) (“emcore”), a leading provider of advanced mixed-signal products that serve the aerospace and defense, communications, and sensing markets, today announced that effective august 8, 2022, the board of directors of the company (the “board”) adopted the emcore corporation 2022 new employee inducement plan (the “inducement plan”). the inducement plan will be used exclusively for the grant of equity awards to individuals who were not previously an employee or non-employee director of emcore (or following a bona fide period of non-employment) as an inducement material to such individual's entering into employment with emcore in accordance with nasdaq listing rule 5635(c)(4). effective as of august 10, 2022, the board granted an aggregate of 363,100 restricted stock units under the inducement plan to 124 new employees hired in connection with emcore's acquisition of the fiber optic gyroscope (fog) and inertial navigation systems business segment of kvh industries, inc. (nasdaq: kvhi), contingent on such individuals accepting employment with the company.
EMKR Ratings Summary
EMKR Quant Ranking
You've reached your free article limit.
Want To Read More Articles?
See what it all means for your stocks with premium tools
Stockprices is a weekly video covering what moved markets
this week, featuring a panel of Stockprices editors. It is published by the
close of trading on Fridays. Hosted by Nathaniel E. Baker, contributing editor,
and featuring: Aaron Task, VP Contributor Content and co-host Stockprices's Alpha
Trader podcast; Brad Olesen, VP News; Steve Alpher, Managing Editor News, co-host
Alpha Trader.
Unsubscribe From All
You successfully activated
“Only Essentials”
Confirm Upgrade
Your subscription will be moved to the annual plan. Service will automatically renew unless cancelled. No Refunds. Click upgrade to confirm.
Stockprices uses Plaid to connect you account
Connect effortlessly
Plaid lets you securely connect your financial accounts in seconds
Your data belongs to you
Plaid doesn't sell personal info, and will only use it with your permission