Fathom Digital Manufacturing Corporation Reports Inducement Equity Grant Pursuant to NYSE Rule 303A.08
23 Oktober 2023 - 3:15PM
Business Wire
Fathom Digital Manufacturing Corp. (NYSE: FATH) (“Fathom” or the
“Company”), an industry leader in on-demand digital manufacturing
services, today announced that it has granted to Carey Chen
inducement equity awards covering an aggregate of 256,426 shares of
Fathom common stock as a material inducement for Mr. Chen to accept
his appointment as Chief Executive Officer of Fathom.
The equity awards, consisting of grants of 151,515 time-vesting
restricted stock units (“RSUs”) and 104,911 performance-vesting
RSUs (“PSUs”), were approved by the independent members of the
Company’s Board of Directors (“Board”) and are being made in
reliance on the employment inducement exemption under the NYSE’s
Listed Company Manual Rule 303A.08. Fathom is announcing the grant
of the equity awards in this news release to comply with Rule
303A.08.
The RSUs vest on the third anniversary of the grant date,
subject to Mr. Chen’s continued service through each applicable
vesting date. The PSUs will vest in six tranches, with each tranche
subject to (i) the Company attaining the stock price growth hurdle
during the relevant performance period for such tranche, and (ii)
Mr. Chen’s continued service through the later of (x) the fourth
anniversary of the grant date and (y) the date on which a
particular tranche’s stock price growth hurdle is attained, subject
to certification by the Compensation Committee of the Board.
The equity awards were granted outside of Fathom’s 2021 Omnibus
Incentive Plan, but generally have terms and conditions consistent
with those set forth in that plan. The Company intends to file a
Registration Statement on Form S-8 covering these equity
awards.
About Fathom Digital Manufacturing
Fathom is one of the largest on-demand digital manufacturing
platforms in North America, serving the comprehensive product
development and low- to mid-volume manufacturing needs of some of
the largest and most innovative companies in the world. With more
than 25 quick turn manufacturing processes combined with an
extensive national footprint, Fathom seamlessly blends in-house
capabilities across plastic and metal additive technologies, CNC
machining, injection molding and tooling, sheet metal fabrication,
design and engineering, and more. Fathom has more than 35 years of
industry experience and is at the forefront of the Industry 4.0
digital manufacturing revolution, serving clients in the
technology, defense, aerospace, medical, automotive, IOT sectors,
and others. Fathom's certifications include: ITAR Registered, ISO
9001:2015 Design Certified, ISO 9001:2015, ISO 13485:2016,
AS9100:2016, and NIST 800-171. To learn more, please visit
www.fathommfg.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20231023790105/en/
For media inquiries: media@fathommfg.com For investor inquiries:
Mark Frost, CFO - mark.frost@fathommfg.com
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