Acxiom (NASDAQ:ACXM)
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Acxiom® Corporation
(Nasdaq: ACXM) announced today that its Board of Directors has named
John A. Adams to serve as the company’s Chief
Operating Officer and Executive Vice President.
Adams, 53, will direct the operational areas of Acxiom which include the
market-facing industry units, Europe and Asia Pacific, service
development and delivery, and information technology.
“John is a proven global leader who has played
key roles in helping a number of high-tech companies successfully build
shareholder value,” said Acxiom Chief
Executive Officer and President John Meyer.
“John has served as a consultant to Acxiom for
several months, and he has already positively contributed to Acxiom’s
organizational realignment and cost-reduction efforts,”
Meyer said.
Prior to joining Acxiom, Adams was Executive Vice President, Customer
Solutions, of Eclipsys, a healthcare information software and services
vendor. In that capacity, he was responsible for the company’s
outsourcing and hosting units as well as a number of administrative
functions.
In other leadership roles, Adams has served as Chief Financial Officer
for Exult, Inc., a human resources business process outsourcing company;
as Chief Financial Officer and Vice President of AT&T Business Services,
a subsidiary of AT&T Corporation; and as Vice President and Controller
for Electronic Data Systems (EDS), where he oversaw the accounting and
finance functions for EDS worldwide.
Adams, a British citizen, is a member of the Institute of Chartered
Accountants in England and Wales. He holds a bachelor of arts degree
with honors in economics from the University of Exeter, England.
As an inducement to join Acxiom, the Compensation Committee of the
Company’s Board of Directors granted equity
awards to Adams effective as of May 22, 2008, certain of which awards
are considered “inducement awards”
as defined in the NASDAQ Marketplace Rules. The awards designated as
inducement awards consist of 30,000 restricted stock units granted
pursuant to the terms of the 2008 Nonqualified Equity Compensation Plan
of Acxiom Corporation. Of this total, 3,000 of the restricted stock
units are performance-based awards which vest three years from the date
of grant provided the Company has achieved certain financial objectives
and 27,000 of the restricted stock units vest ratably over four years,
25 percent per year, beginning on the first anniversary of the date of
grant. The inducement awards were approved by the Compensation Committee
pursuant to NASDAQ Marketplace Rule 4350(i)(1)(A)(iv).
About Acxiom Corporation
At Acxiom, we make information intelligent for many of the world’s
leading and most dynamic companies, enabling them to acquire new
customers, retain their most valuable customers, communicate with
customers in the methods and times they prefer, and make profitable
marketing and business decisions. Acxiom’s
unmatched customer insight is achieved by blending the world’s
largest repository of consumer data, award-winning technology and
analytics, multi-channel expertise, privacy leadership, and superior
knowledge of a wide spectrum of industries. Founded in 1969, Acxiom
(Nasdaq: ACXM) is headquartered in Little Rock, Arkansas, with locations
throughout the United States and Europe, and in Australia and China. For
more information about Acxiom, visit www.acxiom.com.
Acxiom is a registered trademark of Acxiom Corporation.