LSI Industries Inc. Reports Inducement Grant Under Nasdaq Listing Rules
2019年2月13日 - 12:02AM
LSI Industries Inc. (NASDAQ: LYTS) today announced
the grant of an inducement award to Michael C. Beck, Senior Vice
President - Operations. The award was approved by the Board of
Director’s Compensation Committee on January 23, 2019 as an
inducement material to Mr. Beck’s entering into employment with the
Company in accordance with NASDAQ Listing Rule 5635(c)(4). The
award was approved in connection with the commencement of his
employment with the Company on February 11, 2019.
The inducement grant consists of an option to
purchase up to 50,000 shares of common stock and has a ten-year
term. The option will be exercisable at a price of $3.18 per share
(the closing price on February 11, 2019) and will vest only if Mr.
Beck remains an employee of the Company for three years.
Forward-Looking Statements
For details on the uncertainties that may cause
our actual results to be materially different than those expressed
in our forward-looking statements, visit
http://www.lsi-industries.com/fls as well as our Annual Reports on
Form 10-K and Quarterly Reports on Form 10-Q which contain risk
factors.
About the Company
LSI Industries Inc. is a U.S.-based designer,
manufacturer and marketer of lighting, graphics and technology
solutions for both indoor and outdoor applications. The
Company is a leader in the primary markets it serves including
petroleum, automotive, quick serve restaurants, grocery, banking,
retail, renovation, parking and warehousing. Products are
marketed throughout North America by a network of independent sales
representatives and distributors, as well as through national
accounts. LSI partners with its customers to provide a full
range of design support, engineering, installation and project
management services. Headquartered in Blue Ash, Ohio, LSI
currently employs over 1,200 employees and operates eight
facilities throughout the U.S. The Company’s common shares
are traded on the NASDAQ Global Select Market under the symbol
LYTS. Additional information can be found on the Investor
Relations page at www.lsi-industries.com.
For further information,
contact Jim Galeese, Executive Vice President and Chief
Financial Officer at (513) 793-3200.
Additional
note: Today’s news release, along with past
releases from LSI Industries, is available on the Company’s
internet site at www.lsi-industries.com or by calling the Investor
Relations Department at (513) 793-3200.
CONTACT: |
|
JIM GALEESE |
|
|
(513) 793-3200 |
LSI Industries (NASDAQ:LYTS)
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LSI Industries (NASDAQ:LYTS)
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