Acxiom Corporation Reports Inducement Grant under NASDAQ Marketplace Rule 5635
August 01 2011 - 2:00PM
Business Wire
Acxiom® Corporation (Nasdaq: ACXM), a recognized leader in
marketing services and technology, announced today that in
connection with the hiring of Scott E. Howe as its Chief Executive
Officer and President, and as previously reported in its Current
Report on Form 8-K filed July 27, 2011 with the Securities and
Exchange Commission, Mr. Howe was granted inducement awards
consisting of nonqualified stock options to purchase 221,106 shares
of the Company’s common stock, restricted stock units in respect of
56,957 shares of the Company’s common stock and performance units
in respect of 176,654 shares (up to 224,154 shares if the maximum
performance criteria are achieved) of the Company’s common stock.
The stock options have a per share exercise price equal to the fair
market value on the date of the grant, have a ten-year term and
will vest ratably over four years, 25% per year, beginning on the
first anniversary of the grant. The restrictions on the restricted
stock units granted to Mr. Howe will lapse ratably over four years,
25% per year, beginning on the first anniversary of the grant. The
performance units will cliff vest subject to the terms and
conditions of such awards upon the satisfaction of performance
criteria based on performance periods ending on March 31, 2014.
These inducement awards were granted pursuant to the 2011
Nonqualified Equity Compensation Plan of Acxiom Corporation,
approved by the independent members of the Company’s board of
directors and granted as an inducement material to Mr. Howe’s
employment with the Company in accordance with NASDAQ Marketplace
Rule 5635(c)(4).
About Acxiom
Acxiom is a recognized leader in marketing services and
technology that enable marketers to successfully manage audiences,
personalize consumer experiences and create profitable customer
relationships. Our superior industry-focused, consultative approach
combines consumer data and analytics, databases, data integration
and consulting solutions for personalized, multichannel marketing
strategies. Acxiom leverages over 40 years of experience in data
management to deliver high-performance, highly secure, reliable
information management services. Founded in 1969, Acxiom is
headquartered in Little Rock, Arkansas, USA, and serves clients
around the world from locations in the United States, Europe,
Asia-Pacific and South America. For more information about Acxiom,
visit Acxiom.com.
Acxiom is a registered trademark of Acxiom Corporation.
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