The inducement equity grants consist of options to purchase 151,837 shares of the company’s common stock and 60,734 restricted stock units, each of which will vest in equal installments on the first, second and third anniversaries of the employment date. The inducement equity grant was made pursuant to NASDAQ Marketplace Rule 5635(c)(4).
About Arctic Cat
Arctic Cat Inc. designs, engineers, manufactures and markets all-terrain vehicles (ATVs), side-by-sides and snowmobiles under the Arctic Cat® brand name, as well as related parts, garments and accessories. Its common stock is traded on the NASDAQ Global Select Market under the ticker symbol “ACAT.”
More information about Arctic Cat and its products is available at www.arcticcat.com.
Arctic Cat Inc. / Tim Delmore, 763-354-1791 / Chief Financial Officer or PadillaCRT / Shawn Brumbaugh, 612-455-1754 / email@example.com
Source Arctic Cat through BUSINESS WIRE by press release©