% | $
Quotes you view appear here for quick access.


  • jlwbigd jlwbigd Jun 13, 2014 7:12 AM Flag

    The board giveth The board taketh away

    Subsequently, on June 12, 2014, the Board determined that a number of such options to purchase shares of the Company's common stock were not validly granted under the 2013 Plan because such grants exceeded the limit on the number of stock options that may be granted to the Executive Officers within any calendar year period. Therefore, the grants of these stock options in excess of the limits were not effective, and such options in excess of the limits were deemed never granted under the 2013 Plan. In light of foregoing, the April 8, 2014 options (disclosed in the April 8-K) have been revised and reformed consistently with the applicable 2013 Plan limits as follows:

    Name/Office Number of Options (1):

    Martin P. Rosendale, CEO 300,000
    Steven A. Shallcross, CFO, Executive VP 300,000
    Edward Field, COO 300,000
    Dean Tozer, CCO 350,000
    Peter Clausen, CSO 300,000

    Sentiment: Hold

    SortNewest  |  Oldest  |  Most Replied Expand all replies