ATEC to Report First Quarter Financial Results on May 7, 2024

Rhea-AI Summary

Alphatec Holdings, Inc. (Nasdaq: ATEC) will report first quarter 2024 financial results on May 7, 2024, after the market close. The Company will host a live webcast at 1:30 p.m. PT / 4:30 p.m. ET. Inducement awards were granted to 14 new employees with 16,289 restricted stock units. RSUs will vest annually over four years or fully upon a change of control.

CARLSBAD, Calif.--(BUSINESS WIRE)-- Alphatec Holdings, Inc. (Nasdaq: ATEC), a provider of innovative solutions dedicated to revolutionizing the approach to spine surgery, announced today that it will report first quarter 2024 financial results on May 7, 2024, after the market close. The Company will host a live webcast that day at 1:30 p.m. PT / 4:30 p.m. ET.

Webcast

To access the live webcast, please visit the Investor Relations Section of ATEC’s Corporate Website.

Dial-in

To dial into the live webcast, please register at this link. Access details will be shared via email.

Replay

A replay of the webcast will remain available through the Investor Relations Section of ATEC’s Corporate Website for twelve months.

Inducement Awards Granted

As an inducement material to accepting employment with the Company, and in accordance with Nasdaq Listing Rule 5635(c)(4), ATEC today announced that the independent Compensation Committee of the Board of Directors has approved aggregate grants to 14 new employees (who are not executive officers) of, collectively, 16,289 restricted stock units (“RSUs”) under the Company’s 2016 Employment Inducement Award Plan. The RSUs will vest in equal annual installments on each of the first four anniversaries of the grant date, provided that the recipient remains continuously employed by ATEC as of such vesting date. In addition, the RSUs will vest fully upon a change of control of ATEC.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240417536641/en/

Investor/Media Contact:

Tina Jacobsen, CFA

Investor Relations

(760) 494-6790

investorrelations@atecspine.com

Company Contact:

J. Todd Koning

Chief Financial Officer

investorrelations@atecspine.com

Source: Alphatec Holdings, Inc.

FAQ

When will ATEC report first quarter financial results for 2024?

Alphatec Holdings, Inc. (Nasdaq: ATEC) will report first quarter 2024 financial results on May 7, 2024, after the market close.

What time will the live webcast be hosted on the day of the financial results announcement?

The live webcast will be hosted at 1:30 p.m. PT / 4:30 p.m. ET on the day of the financial results announcement.

How many restricted stock units were granted to new employees by ATEC?

ATEC granted 16,289 restricted stock units to 14 new employees as an inducement to accepting employment.

How will the restricted stock units vest for the new employees?

The RSUs will vest in equal annual installments over the first four anniversaries of the grant date, contingent on continuous employment with ATEC.

Under what circumstances will the RSUs vest fully for the new employees?

The RSUs will vest fully upon a change of control of ATEC for the new employees.

Who can be contacted for investor relations at ATEC?

For investor relations at ATEC, contact Tina Jacobsen, CFA at (760) 494-6790 or investorrelations@atecspine.com.

Who is the Chief Financial Officer of ATEC?

J. Todd Koning is the Chief Financial Officer of ATEC.