![](/cdn/assets/images/search/clock.png)
We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Cision Ltd | NYSE:CISN | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 9.99 | 0 | 01:00:00 |
Name
|
| |
Age
|
| |
Class
|
| |
Current
Term Expires |
| |
Independent
Director |
| |
Expiration of
Term for Which Nominated |
| |
Committee
Memberships |
|
Nominees : | | | | | | | | | | | | | | | | | | | |
Kevin Akeroyd
|
| |
51
|
| |
II
|
| |
2019
|
| |
—
|
| |
2022
|
| |
—
|
|
Susan Vobejda
|
| |
53
|
| |
II
|
| |
2019
|
| |
X
|
| |
2022
|
| |
N
|
|
Stuart J. Yarbrough
|
| |
68
|
| |
II
|
| |
2019
|
| |
X
|
| |
2022
|
| |
A*
|
|
Continuing Directors : | | | | | | | | | | | | | | | | | | | |
L. Dyson Dryden
|
| |
44
|
| |
I
|
| |
2021
|
| |
X
|
| |
—
|
| |
A, N
|
|
David J. Krantz
|
| |
49
|
| |
I
|
| |
2021
|
| |
X
|
| |
—
|
| |
—
|
|
Stephen P. Master
|
| |
35
|
| |
I
|
| |
2021
|
| |
X
|
| |
—
|
| |
N
|
|
Mark D. Ein
|
| |
54
|
| |
III
|
| |
2020
|
| |
X
|
| |
—
|
| |
A, C
|
|
Mark M. Anderson
|
| |
44
|
| |
III
|
| |
2020
|
| |
X
|
| |
—
|
| |
C, N*
|
|
Philip A. Canfield
|
| |
51
|
| |
III
|
| |
2020
|
| |
X
|
| |
—
|
| |
C*
|
|
| | |
Year Ended December 31,
|
| |||||||||
| | |
2017
|
| |
2018
|
| ||||||
(in thousands)
|
| | | | | | | | | | | | |
Audit Fees
(1)
|
| | | $ | 3,016 | | | | | $ | 3,722 | | |
Audit Related Fees
(2)
|
| | | | 2,186 | | | | | | 2,594 | | |
Tax Fees
(3)
|
| | | | 1,701 | | | | | | 657 | | |
All Other Fees
|
| | | | — | | | | | | — | | |
Total
|
| | | $ | 6,903 | | | | | $ | 6,973 | | |
Name
|
| |
Age
|
| |
Position
|
|
Kevin Akeroyd | | |
51
|
| | President, Chief Executive Officer and Director | |
Jack Pearlstein | | |
55
|
| | Executive Vice President and Chief Financial Officer | |
Susan Steele | | |
61
|
| | Chief Human Resources Officer | |
Yujie Chen | | |
49
|
| | President, Asia-Pacific | |
Robert Coppola | | |
49
|
| | Chief Information Officer | |
Erik Huddleston | | |
43
|
| | President, Americas | |
Rainer Mathes | | |
65
|
| | President, Cision Insights | |
Peter Low | | |
57
|
| | Managing Director, EMEA | |
Greg Spratto | | |
47
|
| | Chief Operating Officer | |
Steve Solomon | | |
55
|
| | Chief Accounting Officer and Secretary | |
| | |
2018
|
| |
2017
|
| |
% Change
|
| |||||||||
Revenue
|
| | | $ | 730.4 | | | | | $ | 631.6 | | | | | | 15.6 % | | |
Adjusted EBITDA
|
| | | $ | 255.2 | | | | | $ | 225.5 | | | | | | 13.2 % | | |
Attribution Bookings (Annualized Contract Value)
|
| | | $ | 1.6 | | | | | $ | 0.1 | | | | | | 1,500 % | | |
|
•
Acxiom
•
Blackbaud
•
CoStar Group
•
Dun & Bradstreet
•
Ebix
•
Factset Research
•
Fair Issac
|
| |
•
Five 9
•
Gartner
•
NIC
•
Paylocity
•
Progress Software
•
Web.com Group
•
Zendesk
|
|
Pay Element
|
| |
Pay Philosophy
|
| |
Components
|
| |
Performance Element
|
|
Base Salary
|
| | Competitive level of fixed pay to recognize individual’s role, expertise, experience, and responsibilities; base salary level takes account of the individual contribution and performance against our strategy | | | Cash-base salary is paid in installments during the year | | |
Evaluated annually
Individual performance considered when assessing individual pay level
To ensure pay equity, we regularly assess pay against role, scope and responsibilities
|
|
Annual Cash Incentive for the Chief Executive Officer and the Chief Financial Officer
|
| | Annual incentive target aimed to motivate and reward the achievement of specific annual objectives linked to our strategy and financial goals; it provides annual recognition of superior operational and financial performance | | |
Cash payout opportunity of 0% percent to 150% percent of target
Performance above the minimum threshold results in a bonus payout equivalent to a percentage of target, but no bonus is payable for performance that does not meet the minimum threshold
Targets are adjusted for foreign exchange fluctuations, acquisitions and divestitures
|
| |
Revenue (30% weighting); Revenue target of $744 million; 50% payout at $729 million up to 150% payout at $769 million
EBITDA Margin (25% weighting); EBITDA Margin target of 35.2%; 50% payout at 34.0%; payout capped at 100%
EBITDA (25% weighting); EBITDA target of $262 million; 50% payout at $253 million up to 150% payout at $271 million
Attribution Bookings (20% weighting); Attribution Bookings target of $2.8 million in annual contract value; payout capped at 100%
|
|
Annual Cash Incentive for the President, Americas, President EMEA, and President, Insights
|
| | Annual incentive target aimed to motivate and reward the achievement of specific annual objectives linked to our strategy and financial goals; it provides annual recognition of superior operational and financial performance | | |
Cash payout opportunity of 0% percent to 110% percent of target
Performance above the minimum threshold results in a bonus payout equivalent to a percentage of target, but no bonus is payable for performance that
|
| | Revenue 45% weighting, with Corporate weighted 5% and applicable region or sub-service weighted 40%; Corporate Revenue target of $744 million; Americas Revenue Target of $463 million; EMEA Revenue Target of $181 million; Insights Revenue Target of | |
Pay Element
|
| |
Pay Philosophy
|
| |
Components
|
| |
Performance Element
|
|
| | | | | |
does not meet the minimum threshold
Targets are adjusted for foreign exchange fluctuations, acquisitions and divestitures
|
| |
$120 million; payouts between 0% and 110%.
Corporate EBITDA weighted 5%; target of $262 million; President, Americas and President, EMEA: applicable region EBITDA weighted 40%; Americas EBITDA target of $169 million; EMEA EBITDA target of $47 million; President, Insights: Insights Estimated EBITDA target of $41 million; payouts between 0% and 110%.
Management discretionary component 10% weighting
|
|
Time-Based Equity Incentive
|
| | Long-term incentive target aimed to support long-term strategy and alignment with shareholders by tying a significant portion of total pay to long-term financial and share price performance | | | Grants are made in the form of 75% options and 25% restricted stock units | | | 4-year vesting, 25% on each of the first four anniversaries of the grant date | |
Performance-Based Equity Incentive
|
| | Short-term incentive target aimed to support achievement of near-term financial goals and objectives and alignment with shareholders by tying a significant portion of total pay to near-term Company financial and share price performance | | |
Performance-based grants in the form of 75% options and 25% restricted stock units
Targets are adjusted for foreign exchange fluctuations, acquisitions and divestitures
|
| | Performance vesting is 50% for achievement of revenue target and 50% for achievement of EBITDA target; Revenue target of $734 million and EBITDA target of $256 million | |
Benefits
|
| | Provided as part of a competitive and cost-effective overall remuneration package | | |
Medical insurance
Life insurance
401(k) plan (or other type of pension scheme) and matching contributions
|
| | The cost of providing such benefits may vary from year to year, reflecting the cost to the business | |
NEO
|
| |
Options
(1)
|
| |
Restricted Stock Units
|
|
Akeroyd
|
| |
108,750
|
| |
36,250
|
|
Pearlstein
|
| |
114,375
|
| |
38,125
|
|
Edelboim
|
| |
33,750
|
| |
11,250
|
|
Smith
|
| |
20,625
|
| |
6,875
|
|
Mathes
|
| |
39,375
|
| |
13,125
|
|
NEO
|
| |
Options
(1)
|
| |
Restricted Stock Units
|
|
Akeroyd
|
| |
108,750
|
| |
36,250
|
|
Pearlstein
|
| |
114,375
|
| |
38,125
|
|
Edelboim
|
| |
33,750
|
| |
11,250
|
|
Smith
|
| |
20,625
|
| |
6,875
|
|
Mathes
|
| |
39,375
|
| |
13,125
|
|
Name and Principal Position
|
| |
Year
|
| |
Salary
($) |
| |
Bonus
($) |
| |
Stock
Awards ($) (1) |
| |
Non equity
Incentive Plan Compensation ($) |
| |
All Other
Compensation ($) |
| |
Total
($) |
| ||||||||||||||||||
Kevin Akeroyd,
Chief Executive Officer |
| |
2018
|
| | | $ | 537,500 | | | | | | — | | | | | $ | 2,504,631 | | | | | $ | 416,875 | | | | | $ | 17,869 (2) | | | | | $ | 3,476,875 | | |
|
2017
|
| | | $ | 475,000 | | | | | | — | | | | | | — | | | | | $ | 311,838 | | | | | $ | 9,628 | | | | | $ | 796,460 | | | ||
|
2016
|
| | | $ | 197,954 (3) | | | | | $ | 370,000 (4) | | | | | $ | 3,478,790 (5) | | | | | $ | 98,959 | | | | | | — | | | | | $ | 4,145,703 | | | ||
Jack Pearlstein,
Chief Financial Officer |
| |
2018
|
| | | $ | 370,833 | | | | | | — | | | | | $ | 2,634,181 | | | | | $ | 266,800 | | | | | $ | 1,690 | | | | | $ | 3,273,505 | | |
Jason Edelboim,
President, Americas |
| |
2018
|
| | | $ | 365,000 | | | | | | — | | | | | $ | 777,299 | | | | | | — | | | | | $ | 10,449 (6) | | | | | $ | 1,415,248 | | |
|
2017
|
| | | $ | 315,000 | | | | | $ | 680,912 | | | | | $ | 528,449 | | | | | $ | 103,477 | | | | | $ | 5,861 | | | | | $ | 1,633,699 | | | ||
Dr. Rainer Mathes,
President, Insights |
| |
2018
|
| | | $ | 375,987 | | | | | | — | | | | | $ | 906,849 | | | | | $ | 165,631 | | | | | $ | 75,400 (7) | | | | | $ | 1,523,867 | | |
Abe Smith,
President, EMEA |
| |
2018
|
| | | $ | 350,000 | | | | | | — | | | | | $ | 475,016 | | | | | $ | 125,000 | | | | | $ | 180,161 (8) | | | | | $ | 1,139,877 | | |
| | |
Estimated Possible Payouts
|
| |||||||||||||||
NEO
|
| |
Threshold
|
| |
Target
|
| |
Maximum
|
| |||||||||
Kevin Akeroyd
|
| | | $ | 312,500 | | | | | $ | 625,000 | | | | | $ | 796,875 | | |
Jack Pearlstein
|
| | | $ | 200,000 | | | | | $ | 400,000 | | | | | $ | 510,000 | | |
Abe Smith
|
| | | | — | | | | | $ | 250,000 | | | | | $ | 275,000 | | |
Jason Edelboim
|
| | | | — | | | | | $ | 182,500 | | | | | $ | 200,750 | | |
Dr. Rainer Mathes
|
| | | $ | 93,051 (1) | | | | | $ | 186,102 | | | | | $ | 204,712 | | |
NEO
|
| |
Grant Date
|
| |
All other stock
awards: Number of shares of stock or units (#) |
| |
All other option
awards: Number of securities underlying options (#) |
| |
Exercise or
base price of option awards ($/Sh) |
| |
Grant date fair
value of stock and option awards ($) (1) |
| |||||||||||||||
Kevin Akeroyd | | | | | 7/30/2018 | | | | | | | | | | | | 108,750 | | | | | $ | 15.07 | | | | | $ | 706,028 | | |
| | | | | 7/30/2018 | | | | | | 36,250 | | | | | | | | | | | | | | | | | $ | 546,288 | | |
Jack Pearlstein | | | | | 7/30/2018 | | | | | | | | | | | | 114,375 | | | | | $ | 15.07 | | | | | $ | 742,547 | | |
| | | | | 7/30/2018 | | | | | | 38,125 | | | | | | | | | | | | | | | | | $ | 574,544 | | |
Abe Smith | | | | | 7/30/2018 | | | | | | | | | | | | 20,625 | | | | | $ | 15.07 | | | | | $ | 133,902 | | |
| | | | | 7/30/2018 | | | | | | 6,875 | | | | | | | | | | | | | | | | | $ | 103,606 | | |
Jason Edelboim | | | | | 7/30/2018 | | | | | | | | | | | | 33,750 | | | | | $ | 15.07 | | | | | $ | 219,112 | | |
| | | | | 7/30/2018 | | | | | | 11,250 | | | | | | | | | | | | | | | | | $ | 169,538 | | |
Rainer Mathes | | | | | 7/30/2018 | | | | | | | | | | | | 39,375 | | | | | $ | 15.07 | | | | | $ | 255,631 | | |
| | | | | 7/30/2018 | | | | | | 13,125 | | | | | | | | | | | | | | | | | $ | 197,794 | | |
NEO
|
| |
Grant Date
|
| |
All other stock
awards: Number of shares of stock or units (#) |
| |
All other option
awards: Number of securities underlying options (#) |
| |
Exercise or
base price of option awards ($/Sh) |
| |
Grant date fair
value of stock and option awards ($) (1) |
| |||||||||||||||
Kevin Akeroyd | | | | | 7/30/2018 | | | | | | | | | | | | 108,750 | | | | | $ | 15.07 | | | | | $ | 706,028 | | |
| | | | | 7/30/2018 | | | | | | 36,250 | | | | | | | | | | | | | | | | | $ | 546,288 | | |
Jack Pearlstein | | | | | 7/30/2018 | | | | | | | | | | | | 114,375 | | | | | $ | 15.07 | | | | | $ | 742,547 | | |
| | | | | 7/30/2018 | | | | | | 38,125 | | | | | | | | | | | | | | | | | $ | 574,544 | | |
Abe Smith | | | | | 7/30/2018 | | | | | | | | | | | | 20,625 | | | | | $ | 15.07 | | | | | $ | 133,902 | | |
| | | | | 7/30/2018 | | | | | | 6,875 | | | | | | | | | | | | | | | | | $ | 103,606 | | |
Jason Edelboim | | | | | 7/30/2018 | | | | | | | | | | | | 33,750 | | | | | $ | 15.07 | | | | | $ | 219,112 | | |
| | | | | 7/30/2018 | | | | | | 11,250 | | | | | | | | | | | | | | | | | $ | 169,538 | | |
Rainer Mathes | | | | | 7/30/2018 | | | | | | | | | | | | 39,375 | | | | | $ | 15.07 | | | | | $ | 255,631 | | |
| | | | | 7/30/2018 | | | | | | 13,125 | | | | | | | | | | | | | | | | | $ | 197,794 | | |
NEO
|
| |
# Shares or
Units of Stock that have not vested (#) (1) |
| |
Market Value
# Share or Units of Stock that have not vested ($) (2) |
| ||||||
Kevin Akeroyd
|
| | | | 1,159,380 (3) | | | | | $ | 2,510,648 | | |
Jack Pearlstein
|
| | | | — | | | | | | — | | |
Abe Smith
|
| | | | — | | | | | | — | | |
Jason Edelboim
|
| | | | 112,500 (4) | | | | | $ | 90,935 | | |
Rainer Mathes
|
| | | | — | | | | | | — | | |
Name
|
| |
Number of
Securities Underlying Unexercised Options (#) Exercisable |
| |
Number of
Securities Underlying Unexercised Options (#) Unexercisable |
| |
Option
Exercise Price ($) |
| |
Option
Expiration Date |
| |
Number of
Shares or Units of Stock That Have Not Vested |
| |
Market Value
of Shares or Units of Stock That Have Not Vested ($) |
| ||||||||||||||||||
Kevin Akeroyd
|
| | | | — | | | | | | 108,750 (1) | | | | | $ | 15.07 | | | | | | 7/29/2028 | | | | | | 36,250 (2) | | | | | $ | 424,125 (4) | | |
Jack Pearlstein
|
| | | | — | | | | | | 114,375 (1) | | | | | $ | 15.07 | | | | | | 7/29/2028 | | | | | | 38,125 (2) | | | | | $ | 446,063 (4) | | |
Abe Smith
|
| | | | — | | | | | | 20,625 (1) | | | | | $ | 15.07 | | | | | | 7/29/2028 | | | | | | 6,875 (2) | | | | | $ | 80,438 (4) | | |
Jason Edelboim
|
| | | | 20,625 | | | | | | 61,875 (3) | | | | | $ | 12.78 | | | | | | 9/22/2027 | | | | | | 11,250 (2) | | | | | $ | 131,625 (4) | | |
| | | | | | | | | | | 33,750 (1) | | | | | $ | 15.07 | | | | | | 7/29/2028 | | | | | ||||||||||
Rainer Mathes
|
| | | | — | | | | | | 39,375 (1) | | | | | $ | 15.07 | | | | | | 7/29/2028 | | | | | | 13,125 (2) | | | | | $ | 153,563 (4) | | |
Name
|
| |
Number of Shares
Acquired on Vesting (1) |
| |
Value Realized
on Vesting (2) |
| ||||||
Kevin Akeroyd
|
| | | | 772,970 | | | | | $ | 1,677,345 | | |
Jack Pearlstein
|
| | | | 130,769 | | | | | $ | 283,769 | | |
Abe Smith
|
| | | | — | | | | | | — | | |
Jason Edelboim
|
| | | | 56,250 | | | | | $ | 122,063 | | |
Rainer Mathes
|
| | | | — | | | | | | — | | |
Name
|
| |
Benefit
|
| |
Termination
Without Cause |
| |
Termination due to
Death or Disability |
| |
Termination
without Cause or for Good Reason Following Change in Control |
| |||||||||
Kevin Akeroyd | | | Base Salary Continuation | | | | $ | 625,000 | | | | | | — | | | | | $ | 625,000 | | |
| | | Benefit Continuation | | | | $ | 11,101 | | | | | | — | | | | | $ | 11,101 | | |
| | |
Acceleration of Equity Awards
|
| | | | — | | | | | | — | | | | | $ | 2,510,648 (1) | | |
| | | Total | | | | $ | 636,101 | | | | | | — | | | | | $ | 3,146,749 | | |
Jack Pearlstein | | | Base Salary Continuation | | | | $ | 600,000 | | | | | | — | | | | | $ | 600,000 | | |
| | | Benefit Continuation | | | | $ | 15,759 | | | | | | — | | | | | $ | 15,759 | | |
| | | Total | | | | $ | 615,759 | | | | | | — | | | | | $ | 615,759 | | |
Dr. Rainer Mathes | | | Base Salary Continuation | | | | $ | 186,102 | | | | | | — | | | | | $ | 186,102 | | |
Name
|
| |
Fees Earned
or Paid in Cash ($) |
| |
Stock Awards
($) |
| |
Total
($) |
| |||||||||
Mark M. Anderson
|
| | | $ | 42,500 | | | | | $ | 139,989 (1)(2) | | | | | $ | 182,489 | | |
Philip A. Canfield
|
| | | | 35,000 | | | | | | 139,989 (1)(2) | | | | | | 174,989 | | |
L. Dyson Dryden
|
| | | | 22,500 | | | | | | 139,989 (1) | | | | | | 162,489 | | |
Mark D. Ein
|
| | | | 30,000 | | | | | | 139,989 (1) | | | | | | 169,989 | | |
Stephen P. Master
|
| | | | 27,500 | | | | | | 139,989 (1)(2) | | | | | | 167,489 | | |
Stuart Yarbrough
|
| | | | 70,000 | | | | | | 139,989 (1) | | | | | | 209,989 | | |
Susan Vobejda
|
| | | | 7,500 | | | | | | 92,057 (3) | | | | | | 99,557 | | |
Description
|
| |
Amount
|
|
Quarterly retainer
|
| | $10,000 | |
Additional retainer for committee members
|
| | $2,500 per committee per quarter | |
Restricted Stock Unit Grants
|
| | Issue Cision restricted stock units on an annual basis with then-current fair market value equal to 2x annual cash compensation | |
Additional retainer for chair of committee
|
| | $5,000 for the chairs of any standing committee per quarter | |
Name and Address of Beneficial Owner
(1)
|
| |
Amount and
Nature of Beneficial Ownership |
| |
Approximate
Percentage of Outstanding Ordinary Shares (2) |
| ||||||
Directors and Executive Officers: | | | | | | | | | | | | | |
Kevin Akeroyd
|
| | | | 62,343 (3)(4) | | | | | | * | | |
Jack Pearlstein
|
| | | | 147,793 (3)(5) | | | | | | * | | |
Rainer Mathes
|
| | | | 1,648,549 (6) | | | | | | 1.1 % | | |
Mark D. Ein
|
| | | | 3,595,199 (7) | | | | | | 2.4 % | | |
L. Dyson Dryden
|
| | | | 1,202,805 (8) | | | | | | * | | |
Stephen P. Master
|
| | | | 9,623 (9)(10) | | | | | | * | | |
Stuart J. Yarbrough
|
| | | | 11,106 (9) | | | | | | * | | |
Mark M. Anderson
|
| | | | 23,548 (9)(10) | | | | | | * | | |
Philip A. Canfield
|
| | | | 61,179 (9)(10) | | | | | | * | | |
David J. Krantz
|
| | | | — | | | | | | — | | |
Susan Vobejda
|
| | | | — | | | | | | — | | |
All directors and executive officers as a group (18 individuals)
|
| | | | 7,117,705 | | | | | | 4.8 % | | |
Five Percent Holders: | | | | | | | | | | | | | |
Baron Capital Group, Inc.
|
| | | | 7,234,146 (11) | | | | | | 4.9 % | | |
Cision Owner
|
| | | | 50,490,472 (9)(10) | | | | | | 34.0 % | | |
T. Rowe Price Associates, Inc.
|
| | | | 10,328,394 (12) | | | | | | 7.0 % | | |
Plan Category
|
| |
Number of
securities to be issued upon exercise of outstanding options, warrants and rights (a) |
| |
Weighted-
average exercise price of outstanding options, warrants and rights (1) (b) |
| |
Number of securities
remaining available for future issuance under equity compensation plans (excluding securities reflected in column (a)) (c) |
| |||||||||
Equity compensation plans approved by security holders
|
| | | | 2,438,894 | | | | | $ | 14.43 | | | | | | 3,657,745 | | |
Equity compensation plans not approved by security holders
|
| | | | — | | | | | | — | | | | | | — | | |
Total
|
| | | | 2,438,894 | | | | | $ | 14.43 | | | | | | 3,657,745 | | |
1 Year Cision Chart |
1 Month Cision Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions