ATEC to Report Fourth Quarter and Fiscal Year 2022 Financial Results on February 28, 2023

Rhea-AI Summary

Alphatec Holdings, Inc. (ATEC) will release its fourth quarter and fiscal year 2022 financial results on February 28, 2023, after market close. A live webcast will follow at 1:30 p.m. PT / 4:30 p.m. ET. Additionally, ATEC has granted 12,108 restricted stock units (RSUs) to seven new employees as an inducement for their employment, vesting in annual installments over four years, with full vesting upon a change of control. ATEC aims to innovate spine surgery with its Organic Innovation Machine™ and the AlphaInformatiX Platform.

Positive

• Scheduled financial results release on February 28, 2023, which may provide insights into company performance.
• Granting of 12,108 RSUs to new employees may enhance talent acquisition and retention.

Negative

• None.

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 fourth quarter and fiscal year 2022 financial results on February 28, 2023, 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. In addition, a dial-in replay will be available beginning two hours after the webcast’s completion through March 7, 2023. Access the replay by dialing (800) 770-2030 and referencing conference ID number 97241.

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 seven new employees (who are not executive officers) of, collectively, 12,108 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.

About ATEC

ATEC, through its wholly owned subsidiaries, Alphatec Spine, Inc., EOS imaging S.A. and SafeOp Surgical, Inc., is a medical device company dedicated to revolutionizing the approach to spine surgery through clinical distinction. ATEC’s Organic Innovation Machine™ is focused on developing new approaches that integrate seamlessly with the Company’s expanding AlphaInformatiX Platform to better inform surgery and more safely and reproducibly achieve the goals of spine surgery. ATEC’s vision is to become the Standard Bearer in Spine. For more information, visit us at www.atecspine.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230207005612/en/

Investor/Media Contact:

Tina Jacobsen, CFA

Investor Relations

(760) 494-6790

investorrelations@atecspine.com

Company Contact:

J. Todd Koning

Chief Financial Officer

Alphatec Holdings, Inc.

investorrelations@atecspine.com

Source: Alphatec Holdings, Inc.

FAQ

When will ATEC report its financial results?

ATEC will report its financial results on February 28, 2023.

What time is the ATEC earnings webcast?

The ATEC earnings webcast will be held at 1:30 p.m. PT / 4:30 p.m. ET.

How many restricted stock units were granted by ATEC?

ATEC granted 12,108 restricted stock units to seven new employees.

What is ATEC's strategy for spine surgery?

ATEC's strategy focuses on innovative solutions like the Organic Innovation Machine™ and AlphaInformatiX Platform.