Accretive Health Reports Inducement Grant
August 13 2014 - 8:00AM
Business Wire
Accretive Health, Inc. (OTC Pink: ACHI) today announced that
pursuant to the offer letter agreement entered into with Peter
Csapo on August 6, 2014, the company granted to Csapo on August 12,
2014 a nonstatutory stock option and shares of restricted common
stock (collectively the “Inducement Grants”) as an inducement
material to Csapo’s acceptance of employment with the company. The
Inducement Grants were approved by the company’s Board of Directors
on August 6, 2014. The company previously announced that Csapo has
been appointed Chief Financial Officer and Treasurer of the
company, effective August 12, 2014.
The stock option is for the purchase of 300,000 shares of the
company’s common stock, with an exercise price of $8.15, which was
the closing price of the company’s common stock reported through
the facilities of the OTC Markets Group Inc. on August 12, 2014.
The restricted stock award was a grant of 200,000 shares of
restricted common stock of the company. The Inducement Grants
generally will vest in equal annual installments over four years
following the grant date, subject to continued service with the
company. The Inducement Grants will be issued outside of the
company’s 2010 Stock Incentive Plan.
About Accretive Health
At Accretive Health, our mission is to partner with healthcare
communities to serve as a catalyst for a healthier future for all.
For more information, visit www.accretivehealth.com.
Accretive Health, Inc.Investor Relations:Atif
Rahim312-324-5476investorrelations@accretivehealth.comorMedia
Relations:Brian Pitts312.475.5921brian.pitts@hkstrategies.com
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