Acxiom(R) Corporation Reports Inducement Grant Under Nasdaq Marketplace Rule 4350
February 07 2008 - 3:05PM
Business Wire
Acxiom� Corporation (Nasdaq: ACXM) announced today that in
connection with its hiring of John A. Meyer as its Chief Executive
Officer and President, and as previously reported in its Current
Report on Form 8-K filed January 17, 2008 with the Securities and
Exchange Commission, Meyer was granted inducement awards consisting
of nonqualified stock options to purchase 265,000 shares of the
Company�s common stock and restricted stock units in respect of
115,000 shares of the Company�s common stock. The stock options
have a per share exercise price equal to the fair market value on
the date of the grant, have a 10-year term and will vest ratably
over four years, 25 percent per year, beginning on the first
anniversary of the grant. The restrictions on the restricted stock
units granted to Meyer will lapse ratably over four years, 25
percent per year, beginning on the first anniversary of the grant.
These inducement awards were granted outside of the 2005 Equity
Compensation Plan of Acxiom Corporation, approved by the
independent members of the Company�s board of directors and granted
as an inducement material to Meyer�s employment with the Company in
accordance with Nasdaq Marketplace Rule 4350(i)(1)(iv). As
previously reported by the Company in its Current Report on Form
8-K filed January 17, 2008, Meyer was also granted certain equity
incentive awards under the 2005 Equity Compensation Plan of Acxiom
Corporation in connection with his employment, and he is to be
granted certain performance share units in respect of the Company�s
common stock as an inducement award no later than May 15, 2008
pursuant to his employment agreement. About Acxiom Corporation
Acxiom Corporation (NASDAQ: ACXM) integrates data, services and
technology to create and deliver customer and information
management solutions for many of the largest, most respected
companies in the world. The core components of Acxiom�s innovative
solutions are Customer Data Integration (CDI) technology, data,
database services, IT outsourcing, consulting and analytics, and
privacy leadership. Founded in 1969, Acxiom is headquartered in
Little Rock, Arkansas, with locations throughout the United States
and Europe, and in Australia, China, and Canada. For more
information, visit www.acxiom.com. Acxiom is a registered trademark
of Acxiom Corporation.
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