Acxiom (NASDAQ:ACXM)
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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.