Intevac Reports Inducement Grants under Nasdaq Listing Rule 5635(c)(4)
Intevac (Nasdaq: IVAC) has announced the grant of inducement awards to Cameron McAulay, the company's new Chief Financial Officer, Secretary, and Treasurer. The grants, made under the Intevac, Inc. 2022 Inducement Equity Incentive Plan, include:
1. A time-based restricted stock unit (RSU) award covering 48,000 shares of Intevac's common stock, vesting in approximately equal annual installments over three years starting August 15, 2024.
2. A performance-based restricted stock unit (PRSU) award covering 72,000 shares at target performance (144,000 shares at maximum performance), eligible to be earned based on achievement of strategic goals by December 26, 2026.
These awards were granted on August 15, 2024, as a material inducement to McAulay's employment, in accordance with Nasdaq Listing Rule 5635(c)(4).
Intevac (Nasdaq: IVAC) ha annunciato la concessione di premi di indennità a Cameron McAulay, il nuovo Chief Financial Officer, Segretario e Tesoriere dell'azienda. I premi, concessi nell'ambito del Piano di Incentivazione Azionaria 2022 di Intevac, Inc., comprendono:
1. Un premio in azioni vincolate (RSU) che copre 48.000 azioni ordinarie di Intevac, che matureranno in rate annuali quasi uguali nel corso di tre anni a partire dal 15 agosto 2024.
2. Un premio in azioni vincolate basato su performance (PRSU) che copre 72.000 azioni al raggiungimento delle performance obiettivo (144.000 azioni al massimo delle performance), che sarà assegnato in base al conseguimento di obiettivi strategici entro il 26 dicembre 2026.
Questi premi sono stati concessi il 15 agosto 2024, come indennità materiale per l'assunzione di McAulay, in conformità con la Regola di Quotazione Nasdaq 5635(c)(4).
Intevac (Nasdaq: IVAC) ha anunciado la concesión de premios de inducción a Cameron McAulay, el nuevo Director Financiero, Secretario y Tesorero de la empresa. Las concesiones, realizadas bajo el Plan de Incentivos de Equidad de Inducción de Intevac, Inc. 2022, incluyen:
1. Un premio en unidades de acciones restringidas basadas en el tiempo (RSU) que cubre 48,000 acciones comunes de Intevac, que se otorgarán en aproximadamente iguales cuotas anuales durante tres años a partir del 15 de agosto de 2024.
2. Un premio en unidades de acciones restringidas basadas en el desempeño (PRSU) que cubre 72,000 acciones al rendimiento objetivo (144,000 acciones al máximo rendimiento), que se podrá ganar basado en el logro de objetivos estratégicos para el 26 de diciembre de 2026.
Estos premios fueron otorgados el 15 de agosto de 2024, como un incentivo material para la contratación de McAulay, de acuerdo con la Regla de Listado de Nasdaq 5635(c)(4).
인테박(Intevac, Nasdaq: IVAC)은 카메론 맥컬리(Cameron McAulay)를 회사의 새로운 최고 재무 책임자, 비서 및 재무 책임자로 임명하면서 유인 상여금을 지급한다고 발표했습니다. 이 상여금은 인테박 주식회사 2022년 유인 주식 인센티브 계획에 따라 지급됩니다. 내용은 다음과 같습니다:
1. 시간 기반의 제한 주식 단위(RSU) 상여금으로, 인테박의 보통주 48,000주를 포함하며, 2024년 8월 15일부터 시작하여 향후 3년에 걸쳐 거의 동일한 연간 할부로 지급됩니다.
2. 성과 기반의 제한 주식 단위(PRSU) 상여금으로, 목표 성과 기준 72,000주(최대 성과 기준 144,000주)를 포함하며, 2026년 12월 26일까지의 전략적 목표 달성에 기반하여 지급됩니다.
이 상여금은 2024년 8월 15일에 맥컬리의 고용을 위한 주요 유인으로 부여되었으며, Nasdaq 상장 규정 5635(c)(4)에 따라 이루어졌습니다.
Intevac (Nasdaq: IVAC) a annoncé l'octroi de primes d'incitation à Cameron McAulay, le nouveau directeur financier, secrétaire et trésorier de l'entreprise. Les attributions, faites dans le cadre du Plan d'Incentives en Équité d'Intevac, Inc. 2022, comprennent :
1. Une attribution d'unités d'actions restreintes basées sur le temps (RSU) couvrant 48 000 actions ordinaires d'Intevac, acquises par tranches annuelles presque égales sur trois ans à partir du 15 août 2024.
2. Une attribution d'unités d'actions restreintes basées sur la performance (PRSU) couvrant 72 000 actions pour des performances cibles (144 000 actions pour une performance maximale), pouvant être gagnée en fonction de l'atteinte d'objectifs stratégiques d'ici le 26 décembre 2026.
Ces attributions ont été faites le 15 août 2024, comme incitation matérielle à l'emploi de McAulay, conformément à la règle de cotation Nasdaq 5635(c)(4).
Intevac (Nasdaq: IVAC) hat die Gewährung von Anreizpreisen an Cameron McAulay, den neuen Chief Financial Officer, Secretary und Treasurer des Unternehmens, bekannt gegeben. Die Vergaben, die im Rahmen des Intevac, Inc. 2022 Incentive Equity Incentive Plans erfolgen, umfassen:
1. Ein zeitbasierter Restricted Stock Unit (RSU) Award, der 48.000 Aktien des Stammkapitals von Intevac abdeckt, der in etwa gleichen Jahresraten über drei Jahre ab dem 15. August 2024 fällig wird.
2. Ein leistungsbasierter Restricted Stock Unit (PRSU) Award, der 72.000 Aktien bei Zielleistung (144.000 Aktien bei Maximalleistung) abdeckt, der basierend auf der Erreichung strategischer Ziele bis zum 26. Dezember 2026 verdient werden kann.
Diese Auszeichnungen wurden am 15. August 2024 gewährt, als wesentlicher Anreiz für McAulays Beschäftigung, gemäß der Nasdaq-Listing Regel 5635(c)(4).
- Appointment of new CFO, Secretary, and Treasurer
- Implementation of performance-based incentives for new executive
- None.
As provided for in Mr. McAulay’s employment offer letter with Intevac and previously described in the Current Report on Form 8-K filed by Intevac with the Securities and Exchange Commission on July 10, 2024, Mr. McAulay’s inducement grants consist of: (1) an award of time-based restricted stock units covering 48,000 shares of Intevac’s common stock (the “RSU Award”); and (2) an award of performance-based restricted stock units covering 72,000 shares of Intevac’s common stock at target performance (144,000 shares at maximum performance) (the “PRSU Award”). Subject in each case to continued service through the applicable vesting date, the RSU Award is scheduled to vest in approximately equal annual installments over three years beginning on August 15, 2024, and the PRSU Award is eligible to be earned based on achievement of certain strategic goals over a performance period ending December 26, 2026. The RSU Award and the PRSU Award were granted on August 15, 2024, as a material inducement to Mr. McAulay’s acceptance of employment with the Company in accordance with Nasdaq Listing Rule 5635(c)(4).
About Intevac
Founded in 1991, we are a leading provider of thin-film process technology and manufacturing platforms for high-volume manufacturing environments. As a long-time supplier to the hard disk drive (HDD) industry, our industry-leading 200 Lean® platform supports the majority of the world’s capacity for HDD disk media production, as well as all technology upgrade initiatives currently underway in support of next-generation HAMR (heat-assisted magnetic recording) media. With over 30 years of leadership in designing, developing, and manufacturing high-productivity, thin-film processing systems, we also are leveraging our technology and know-how for additional markets with our groundbreaking TRIO™ platform, which enables high-value coatings to be deployed cost-effectively on an array of glass displays and other substrates, including for consumer devices.
For more information call 408-986-9888, or visit the Company's website at www.intevac.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240815875128/en/
Cameron McAulay
Chief Financial Officer
(408) 986-9888
Claire McAdams
Investor Relations
(530) 265-9899
Source: Intevac, Inc.
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