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Hall of Fame Resort & Entertainment Company Announces Inducement Equity Grants

·2 mins read

Hall of Fame Resort & Entertainment Company ("HOFV" or the "Company") (NASDAQ: HOFV, HOFVW), the only resort, entertainment and media company centered around the power of professional football and owner of the Hall of Fame Village powered by Johnson Controls in Canton, Ohio, today announced that it granted to Tara Charnes, as an inducement to accept her appointment as General Counsel of the Company, 138,568 restricted stock units (the "RSUs") with respect to the Company’s common stock, $0.0001 par value. The Company also granted to Erica Muhleman, as an inducement to accept her appointment as Executive Vice President of New Business Development/Marketing & Sales, 144,613 RSUs. The grants were made as inducement awards in accordance with each executive’s employment agreement and were not granted under the Company’s 2020 Omnibus Incentive Plan (the "2020 Plan"), but are subject to substantially the same terms and conditions as the 2020 Plan. For each executive, the grants, which are subject to award agreements, will vest in one-third increments on each of the first, second and third anniversary of such executive’s start date, subject to continued service through each applicable vesting date.

About the Hall of Fame Resort & Entertainment Company

The Hall of Fame Resort & Entertainment Company (NASDAQ: HOFV, HOFVW) is a resort and entertainment company leveraging the power and popularity of professional football and its legendary players in partnership with the Pro Football Hall of Fame. Headquartered in Canton, Ohio, the Hall of Fame Resort & Entertainment Company is the owner of the Hall of Fame Village powered by Johnson Controls, a multi-use sports, entertainment and media destination centered around the Pro Football Hall of Fame's campus. Additional information on the Company can be found at www.HOFREco.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200921005825/en/

Contacts

Media/Investor Contacts:

For HOFV
Media Inquiries
Public.Relations@hofreco.com
Investor Inquiries
Investor.Relations@hofreco.com