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JDAS Jda Software Grp., Inc. (MM)

45.18
0.00 (0.00%)
After Hours
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
Jda Software Grp., Inc. (MM) NASDAQ:JDAS NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 45.18 0 01:00:00

JDA Software Announces Employee Inducement Awards

21/08/2009 1:00pm

Business Wire


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JDA® Software Group, Inc. (NASDAQ: JDAS) today reported that in connection with its hiring of Executive Vice President, Sales & Marketing Jason B. Zintak on August 18, 2009, the compensation committee of the Company’s Board of Directors approved equity awards to Mr. Zintak consisting of 50,000 restricted stock units of the Company, one third of which will vest 12 months from the date of hire, with the remainder vesting ratably over a 24-month period commencing 12 months from the date of hire. Mr. Zintak also received 50,000 restricted stock units of the Company, which vest in tranches 45 days following the attainment of certain performance milestones that will be determined within 90 days of the effective date of employment. Additionally, Mr. Zintak’s inducement awards allow him to earn a target performance share award equal to 30,000 shares (up to a maximum of 37,500 shares) of the Company’s common stock, which will be based upon the achievement of the Company’s 2009 annual EBITDA target, as previously established by the Company’s Board of Directors. In the event of a change in control of the Company, the vesting of all outstanding unvested equity awards granted to Mr. Zintak will accelerate as of the date of the change in control unless the acquiring company assumes the equity awards or provides substitute equity awards. These awards have been granted outside of the terms of the Company’s 2005 Performance Incentive Plan by the Compensation Committee of the Company’s Board of Directors in reliance on NASDAQ Marketplace Rule 5635(c)(4) as an inducement to Mr. Zintak to join the Company.

About JDA Software Group, Inc.

JDA® Software Group, Inc. (NASDAQ: JDAS) is the world’s leading supply chain solutions provider, helping companies optimize operations and improve profitability. JDA drives business efficiency for its global customer base of more than 5,800 retailers, manufacturers, wholesaler-distributors and services industries companies through deep domain expertise and innovative solutions. JDA’s combination of unmatched services, together with its integrated yet modular solutions for merchandising, supply chain planning and execution and revenue management, leverage the strong heritage and knowledge capital of market leaders including Manugistics, E3, Intactix and Arthur. When supply chain results matter, companies turn to JDA. For more information about JDA, visit www.jda.com or contact us at info@jda.com or call +1.800.479.7382 / +1.480.308.3000.

We do not believe this press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Nevertheless, if remarks in this press release are considered to be “forward-looking” or to have forward-looking implications, we would remind our investors and prospective investors that future events may involve risks and uncertainties. Other risks and uncertainties that may affect our business are detailed from time to time in the “Risk Factors” section of our filings with the Securities and Exchange Commission. As a result of these and other risks, actual results may differ materially from those predicted. We undertake no obligation to update information in this release.

“JDA” is a trademark or registered trademark of JDA Software Group, Inc. Any trade, product or service name referenced in this document using the name “JDA” is a trademark and/or property of JDA Software Group, Inc.

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