BELLEVUE, Wash., June 18, 2018 /PRNewswire/ -- Bsquare (NASDAQ:
BSQR) today reported a grant under its 2011 Inducement Award Plan
to Gary Shane who will join Bsquare
as its Sr. Director of Finance, Controller effective June 18, 2018.
The grant will be made pursuant to an Offer Letter accepted
June 14, 2018, for an award of an
option to purchase up to 20,000 shares of Bsquare common stock. The
option has a 10-year term and an exercise price which will be
determined based on the closing price of Bsquare's common stock on
the grant date of June 18, 2018 which
is Mr. Shane's start date.
The options each vest annually in equal installments over four
years from the grant date, with the first vesting date in
June 2019, subject to Mr. Shane's
continued service relationship with Bsquare.
The grant was approved by the Compensation Committee on
June 15, 2018, comprised of
independent directors. In accordance with NASDAQ Listing Rule
5635(c)(4), the grants were made as an inducement material to Mr.
Shane's entering into an employment relationship with Bsquare.
About Bsquare
For more than two decades, Bsquare has helped its customers
extract business value from a broad array of physical assets by
making them intelligent, connecting them, and using the data they
generate to optimize business processes. Bsquare DataV software
solutions can be deployed by a wide variety of enterprises to
create business-focused Internet of Things (IoT) systems that more
effectively monitor device data, automate processes, predict events
and produce better business outcomes. Bsquare goes a step further
by coupling its purpose-built DataV software with comprehensive
analytic and engineering services that can help organizations of
all types make IoT a business reality. For more information, visit
www.bsquare.com.
BSQUARE, the BSQUARE Logo and DataV are trademarks of BSQUARE
Corporation in the U.S. and other countries. Other names and brands
herein may be trademarks of others.
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SOURCE Bsquare