Arctic Cat Reports Grant of Inducement Award
December 05 2014 - 4:05PM
Business Wire
Arctic Cat Inc. (NASDAQ: ACAT) announced that as a material
inducement for Christopher T. Metz, who joined the company on
December 3, 2014 as president and chief executive officer, to enter
into employment with the company, the independent Compensation and
Human Resources Committee and Board of Directors approved equity
grants to Metz effective as of his employment date. The inducement
equity grants consist of options to purchase 151,837 shares of the
company’s common stock and 60,734 restricted stock units, each of
which will vest in equal installments on the first, second and
third anniversaries of the employment date. The inducement equity
grant was made pursuant to NASDAQ Marketplace Rule 5635(c)(4).
About Arctic CatArctic Cat
Inc. designs, engineers, manufactures and markets all-terrain
vehicles (ATVs), side-by-sides and snowmobiles under the Arctic
Cat® brand name, as well as related parts, garments and
accessories. Its common stock is traded on the NASDAQ Global Select
Market under the ticker symbol “ACAT.” More information about
Arctic Cat and its products is available at www.arcticcat.com.
Arctic Cat Inc.Tim Delmore, 763-354-1791Chief Financial
OfficerorPadillaCRTShawn Brumbaugh,
612-455-1754shawn.brumbaugh@padillacrt.com
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