Industry-Veteran Kirk Davis Appointed New CEO at Harte Hanks - Seite 2

Inducement Award under NASDAQ Exemption

In connection with Mr. Davis' appointment as CEO, the independent Compensation Committee of the Board of Directors approved an award to Mr. Davis consisting of 240,000 stock options to purchase shares of common stock of Harte Hanks, as a material inducement to Mr. Davis commencing employment with Harte Hanks. This stock option award is intended to qualify as an employee inducement award in accordance with the inducement exemption provided for under NASDAQ Listing Rule 5635(c)(4). The stock options will have an exercise price equal to the closing price of a share of Harte Hanks common stock on the grant date of June 20, 2023, and will vest in three equal installments on each of the first three anniversaries of June 19, 2023, subject to Mr. Davis' continued employment. Any unvested stock options will be immediately vested if Mr. Davis resigns for "good reason" or is terminated without "cause," in each case, on or within 12 months following a change in control of Harte Hanks.

About Harte Hanks

Harte Hanks (Nasdaq: HHS) is a leading global customer experience company whose mission is to partner with clients to provide them with CX strategy, data-driven analytics and actionable insights combined with seamless program execution to better understand, attract, and engage their customers.

Using its unparalleled resources and award-winning talent in the areas of Customer Care, Fulfillment and Logistics, and Marketing Services, Harte Hanks has a proven track record of driving results for some of the world's premier brands including Bank of America, GlaxoSmithKline, Unilever, Pfizer, Warner Bros Discovery, Volvo, Ford, FedEx, Midea, Sony, and IBM among others. Headquartered in Chelmsford, Massachusetts, Harte Hanks has over 2,500 employees in offices across the Americas, Europe and Asia Pacific. For more information visit hartehanks.com

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SOURCE: Harte Hanks, Inc.

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The Harte-Hanks Stock at the time of publication of the news with a raise of 0,00 % to 5,55EUR on Lang & Schwarz stock exchange (19. Juni 2023, 13:59 Uhr).