CIRCOR Reports Inducement RSU Grant to New CFO Under NYSE Listing Company Manual Rule 303A.08
April 03 2020 - 5:45AM
Business Wire
CIRCOR International, Inc. (NYSE:CIR), a leading provider of
severe service flow control solutions and other highly engineered
products for the Industrial and Aerospace & Defense markets,
today announced that, on April 2, 2020, it granted a restricted
stock unit (RSU) for up to 44,511 shares of CIRCOR common stock to
Abhishek Khandelwal, who joined the company as its Chief Financial
Officer on March 31, 2020. The award, which was approved by the
Compensation Committee of CIRCOR’s Board of Directors on March 24,
2020, was granted as an inducement material to Mr. Khandelwal
entering into employment with CIRCOR in accordance with NYSE
Listing Company Manual Rule 303A.08.
The RSU is scheduled to vest over three years, with one-third of
the shares vesting on each of the first three anniversaries of the
date of grant, subject to Mr. Khandelwal’s continued service as an
employee of CIRCOR through the applicable vesting dates.
ABOUT CIRCOR INTERNATIONAL, INC.
CIRCOR International, Inc. designs, manufactures and markets
differentiated technology products and sub-systems for markets
including Industrial and Aerospace & Defense. CIRCOR has a
diversified flow control product portfolio with recognized,
market-leading brands that fulfill its customers’ mission critical
needs. For more information, visit the Company’s investor relations
website at http://investors.circor.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20200403005037/en/
David F. Mullen Senior Vice President Finance CIRCOR
International (781) 270-1200
CIRCOR (NYSE:CIR)
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