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Stock impact report

Jones Energy, Inc. Forgoes Convertible Preferred Stock Dividend and Grants an Inducement Award to New CEO

JONES ENERGY INC (JONE) 
Last jones energy inc earnings: 2/27 04:15 pm Check Earnings Report
Company Research Source: GlobeNewswire
AUSTIN, Texas, Aug. 14, 2018 (GLOBE NEWSWIRE) -- Jones Energy, Inc. (NYSE: JONE) (“Jones Energy” or “the Company”) is announcing that it will forgo payment of its previously declared contingent dividend on its 8% Series A Perpetual Convertible Preferred Stock (the “Preferred Stock”). Also, per NYSE Rule 303A.08, Jones Energy is announcing the grant of a Restricted Stock Unit (“RSU”) award to Carl F. Giesler, Jr., the Company’s new Chief Executive Officer, as an inducement to his employment with the Company. Jones Energy modified the original award to facilitate broader structural adjustments to its compensation program. Jones Energy Forgoes Convertible Preferred Stock Dividend The Company today announced that the previously declared contingent dividend payment on the Preferred Stock will not be paid. The foregone dividend is for the period beginning on the last payment date of May 15, 2018 through August 14, 2018, payable to holders of Preferred Stock of record as of August 1, 201 Show less Read more
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