Nautilus, Inc. Announces Inducement Grants Under NYSE Rule 303A.08
December 13 2019 - 4:05PM
Business Wire
Nautilus, Inc. (NYSE: NLS) today announced that it has granted
equity awards that were approved by the Compensation Committee of
Nautilus’ Board of Directors on December 11, 2019, as a material
inducement to employment to Ms. Aina Konold, who was appointed
Chief Financial Officer on December 10, 2019. The equity awards
were approved, and are being announced in this press release, in
accordance with NYSE Listed Company Rule 303A.08.
Ms. Konold was granted an initial inducement grant of 200,000
restricted stock units (“RSUs”). The initial inducement RSUs will
vest in three equal annual installments on the first three
anniversaries of the date of Ms. Konold’s appointment, subject to
Ms. Konold’s continued service until each vesting date. Also as a
material inducement to employment, Ms. Konold was granted a second
inducement grant of 160,000 RSUs. The second inducement RSUs will
vest in three equal annual installments on the first three
anniversaries of May 2020, subject to Ms. Konold’s continued
service until each vesting date. The vesting of the inducement RSUs
will be fully accelerated in the event of certain changes in
control of Nautilus, and the equity awards will be subject to terms
and conditions that are substantially similar to RSUs granted under
the Nautilus 2015 Long-Term Incentive Plan.
About Nautilus, Inc.
Headquartered in Vancouver, Washington, Nautilus, Inc. (NYSE:
NLS) is a global technology-driven fitness solutions company that
believes everyone deserves a fit and healthy life. With a brand
portfolio including Bowflex®, Nautilus®, Octane Fitness®, and
Schwinn®, Nautilus, Inc. develops innovative products to support
healthy living through direct and retail channels as well as in
commercial channels. Nautilus, Inc. uses the investor relations
page of its website (www.nautilusinc.com/investors) to make
information available to its investors and the market.
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version on businesswire.com: https://www.businesswire.com/news/home/20191213005418/en/
Media: John Fread Nautilus, Inc. 360-859-5815
jfread@nautilus.com
Carey Kerns The Hoffman Agency 503-754-7975
ckerns@hoffman.com
Investor Relations: John Mills ICR, LLC 646-277-1254
john.mills@ICRinc.com
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