People: AxoGen Inc (AXGN.OQ)
Mr. Christopher Crisman is Vice President - U.S. Sales of the company. Mr. Crisman's employment will begin on January 7, 2019 on the terms of that certain employment agreement by and between Mr. Crisman and the Company dated as of January 7, 2019 (the "Crisman Employment Agreement"). In connection with his hiring, the Company granted Mr. Crisman a stock option to purchase 35,000 shares of the Company's common stock with an exercise price equal to the closing price per share of the Company's common stock as reported on the NASDAQ on January 7, 2019 (the "Grant Date") as an inducement award (the "Inducement Award"). The Inducement Stock Option Award was approved by the Company's Compensation Committee of the Board of Directors in reliance on the employment inducement exception to shareholder approval provided under NASDAQ Stock Market Listing Rule 5635(c)(4) (the "Inducement Award Listing Rules") which requires public announcement of inducement awards and this release is being made to comply with the Inducement Award Listing Rules.
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