New Furmanite America Executives Receive Stock Option Grants
April 03 2006 - 6:17PM
Business Wire
Xanser Corporation (NYSE:XNR) today announced that it has granted
Xanser stock options in connection with the initial employment of
two new executives of its subsidiary, Furmanite America, Inc.
Matthew S. Sisson, Vice President Southern Division and Jay D.
Goodyear, Vice President Northern Division were granted options to
purchase 35,000 shares each of Xanser Corporation common stock. The
above option grants are at 100% of the closing market price of
$4.43 on the effective date of the grant, April 3, 2006. The stock
options will become exercisable in 20% increments annually
commencing April 3, 2007 and will expire on July 2, 2011, unless
earlier due to separation from service of the company. About Xanser
Corporation Xanser Corporation (NYSE:XNR) provides technology-based
and technical services worldwide. Headquartered in Dallas, Texas,
Xanser's operations consist of an information technology services
company, Xtria, and an international technical services firm,
Furmanite. Xtria provides a portfolio of innovative technology
solutions to the healthcare and government markets. Combining its
deep market expertise with specialized technology, Xtria partners
with its clients to set the standard for managing mission critical
processes in information-intensive environments. Xtria has a legacy
of enabling organizations to power their businesses, while
mitigating the risks associated with change. Furmanite, one of the
world's largest specialty technical services companies, delivers a
broad portfolio of engineering solutions that keep facilities
operating, minimizing downtime and maximizing profitability.
Furmanite's diverse, global customer base includes offshore
drilling operations, pipelines, refineries and power generation
facilities, chemical and petrochemical plants, steel mills,
automotive manufacturers, pulp and paper mills, food and beverage
processing plants, semi-conductor manufacturers and pharmaceutical
manufacturers. Furmanite operates more than 50 offices on five
continents. For more information, visit www.xanser.com.
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