NEW YORK, Nov. 15, 2017 /CNW/ -- (NASDAQ:
MDCA) -- MDC Partners Inc. (the "Company") announced that the
Company granted an inducement award to Linus Karlsson in connection with his employment
as Global Chief Creative Officer of Crispin Porter & Bogusky
LLC ("CPB"), a wholly-owned subsidiary of the Company. On
September 26, 2017, CPB announced the
hiring of Mr. Karlsson, with this employment scheduled to begin on
or about October 1, 2017.
Effective November 10, 2017, the
Company granted Mr. Karlsson an award of 50,000 restricted shares
of MDC Partners' Class A subordinate voting stock, subject to
vesting on the 3rd anniversary of Mr. Karlsson's employment
commencement date or earlier upon the occurrence of certain events.
The Company granted this award as a material inducement to Mr.
Karlsson's employment with CPB in accordance with NASDAQ Listing
Rule 5635(c)(4).
About MDC Partners Inc.
MDC Partners is one of the fastest-growing and most influential
marketing and communications networks in the world. Its 50+
advertising, public relations, branding, digital, social and event
marketing agencies are responsible for some of the most memorable
and engaging campaigns for the world's most respected brands.
As "The Place Where Great Talent Lives," MDC Partners is known for
its unique partnership model, empowering the most entrepreneurial
and innovative talent to drive competitive advantage and business
growth for clients. By leveraging technology, data analytics,
insights, and strategic consulting solutions, MDC Partners drives
measurable results and optimizes return on marketing investment for
over 1,700 clients worldwide.
For more information about MDC Partners and its partner firms,
visit www.mdc-partners.com and follow us on Twitter:
http://www.twitter.com/mdcpartners.
CONTACT:
Matt Chesler, CFA
VP, Investor Relations and Finance
646-412-6877
mchesler@mdc-partners.com
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SOURCE MDC Partners Inc.