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Stock impact report

Intevac Reports Inducement Grants under Nasdaq Listing Rule 5635(c)(4)

Intevac, Inc. (IVAC) 
Last intevac, inc. earnings: 4/27 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.intevac.com/events.cfm
Company Research Source: Business Wire
SANTA CLARA, Calif.--(BUSINESS WIRE)--Intevac, Inc. (Nasdaq: IVAC, “Intevac” or “the Company”), a leading supplier of thin-film processing systems, today announced, as required by Nasdaq Stock Market rules, the grant of inducement awards to Nigel Hunton in connection with his appointment as Intevac’s new Chief Executive Officer in January 2022. Such grants were made under the Intevac, Inc. 2022 Inducement Equity Incentive Plan, which Intevac’s board of directors approved and adopted on January 19, 2022.As provided for in Mr. Hunton’s employment agreement with Intevac and previously described in the Current Report on Form 8-K filed by Intevac with the Securities and Exchange Commission on January 20, 2022 and as an inducement material to him entering into employment, Mr. Hunton’s inducement grants consist of: (1) an award of time-based restricted stock units covering 166,500 shares of Intevac’s common stock (the “First RSU Award”); (2) an award of time-based restricted stock units Show less Read more
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