Dendrite Announces Grants under New Hire Authorization
17 Novembro 2006 - 7:00PM
Business Wire
Pursuant to NASDAQ Marketplace Rule 4350(i)(1)(A)(iv), as amended
as of October 14, 2003, Dendrite International, Inc. (NASDAQ: DRTE)
today announced that stock options covering an aggregate of 40,000
shares of common stock were granted to one non-executive officer
employee on November 1, 2006; options covering an aggregate of
7,500 shares were granted to one non-executive officer employee on
October 30, 2006; options covering an aggregate of 40,000 shares of
common stock were granted to three non-executive officer employees
on October 23, 2006; and options covering an aggregate of 60,000
shares were granted to one non-executive officer employee on
September 25, 2006. All such option grants were made under the
Company's New Hire Authorization as inducements to entering into
employment with the Company. All options granted include a ten-year
duration and an exercise price equal to the closing price of
Dendrite's stock on the business day immediately preceding the date
of grant. The vesting schedule for the options is as follows: (i)
twenty-five percent (25%) of the options shall first become
exercisable on the first anniversary of date of grant and (ii) the
remaining seventy-five percent (75%) shall become exercisable pro
rata over the following three (3) year period, on a monthly basis,
commencing on the first anniversary of the date of grant and ending
on the fourth anniversary of the date of grant. About Dendrite
Founded in 1986, Dendrite International, Inc. enables sales,
marketing, clinical and compliance solutions for the global
pharmaceutical industry. The Company's clients are located in more
than 50 countries and include the world's top 20 pharmaceutical
companies. For more information, please visit www.dendrite.com.
Note: Dendrite� is a registered trademark of Dendrite
International, Inc. FORWARD LOOKING INFORMATION: This document
contains forward-looking statements that may be identified by such
forward-looking terminology as "expect," "believe," "anticipate,"
"will," "intend," "plan," "target," "outlook," "guidance," and
similar statements or variations. Such forward-looking statements
are based on our current expectations, estimates, assumptions and
projections and involve significant risks and uncertainties,
including risks which may result from our dependence on the
pharmaceutical industry; our fixed expenses in relation to
fluctuating revenues and variations in customers' budget cycles;
dependence on certain major customers, including the risk
associated with our largest customer's plans to transition a
significant portion of its U.S. sales force effectiveness services
needs; fluctuations in quarterly revenues due to lengthy sales and
implementation cycles; our ability to successfully implement our
Operational Effectiveness program and to achieve the cost savings
in the amounts and time periods expected or budgeted; changes in
demand for our products and services attributable to any weakness
experienced in the economy or mergers, acquisitions and
consolidations in the pharmaceutical industry; risks associated
with foreign currency fluctuations as they affect our non-U.S.
operations; risks associated with our expanded international
operations and our ability to adopt and respond successfully to the
unique risks involved in our non-U.S. operations; any difference
between estimated and actual stock option expense; and risks
associated with reviewing strategic options and with any
transaction occurring or being consummated at any subsequent time.
Other important factors that should be reviewed and carefully
considered are included in the Company's 10-K under "Factors That
May Affect Future Results" and its 10-Qs and other reports filed
with the SEC. Actual results may differ materially. The Company
assumes no obligation for updating any such forward-looking
statements to reflect actual results, changes in expectations or
assumptions or other changes affecting such forward-looking
statements, even if such results or changes make it clear that any
such projected results will not be achieved. Any outlook and other
forward-looking information is as of the date of this release only.
At any such time in the future as the Company may provide revenue,
earnings and other outlook information, prior related outlook
should no longer be considered current. Our outlook and other
forward-looking information do not take into account or reflect any
possible future acquisitions, dispositions or similar transactions
which may occur. Pursuant to NASDAQ Marketplace Rule
4350(i)(1)(A)(iv), as amended as of October 14, 2003, Dendrite
International, Inc. (NASDAQ: DRTE) today announced that stock
options covering an aggregate of 40,000 shares of common stock were
granted to one non-executive officer employee on November 1, 2006;
options covering an aggregate of 7,500 shares were granted to one
non-executive officer employee on October 30, 2006; options
covering an aggregate of 40,000 shares of common stock were granted
to three non-executive officer employees on October 23, 2006; and
options covering an aggregate of 60,000 shares were granted to one
non-executive officer employee on September 25, 2006. All such
option grants were made under the Company's New Hire Authorization
as inducements to entering into employment with the Company. All
options granted include a ten-year duration and an exercise price
equal to the closing price of Dendrite's stock on the business day
immediately preceding the date of grant. The vesting schedule for
the options is as follows: (i) twenty-five percent (25%) of the
options shall first become exercisable on the first anniversary of
date of grant and (ii) the remaining seventy-five percent (75%)
shall become exercisable pro rata over the following three (3) year
period, on a monthly basis, commencing on the first anniversary of
the date of grant and ending on the fourth anniversary of the date
of grant. About Dendrite Founded in 1986, Dendrite International,
Inc. enables sales, marketing, clinical and compliance solutions
for the global pharmaceutical industry. The Company's clients are
located in more than 50 countries and include the world's top 20
pharmaceutical companies. For more information, please visit
www.dendrite.com. Note: Dendrite(R) is a registered trademark of
Dendrite International, Inc. FORWARD LOOKING INFORMATION: This
document contains forward-looking statements that may be identified
by such forward-looking terminology as "expect," "believe,"
"anticipate," "will," "intend," "plan," "target," "outlook,"
"guidance," and similar statements or variations. Such
forward-looking statements are based on our current expectations,
estimates, assumptions and projections and involve significant
risks and uncertainties, including risks which may result from our
dependence on the pharmaceutical industry; our fixed expenses in
relation to fluctuating revenues and variations in customers'
budget cycles; dependence on certain major customers, including the
risk associated with our largest customer's plans to transition a
significant portion of its U.S. sales force effectiveness services
needs; fluctuations in quarterly revenues due to lengthy sales and
implementation cycles; our ability to successfully implement our
Operational Effectiveness program and to achieve the cost savings
in the amounts and time periods expected or budgeted; changes in
demand for our products and services attributable to any weakness
experienced in the economy or mergers, acquisitions and
consolidations in the pharmaceutical industry; risks associated
with foreign currency fluctuations as they affect our non-U.S.
operations; risks associated with our expanded international
operations and our ability to adopt and respond successfully to the
unique risks involved in our non-U.S. operations; any difference
between estimated and actual stock option expense; and risks
associated with reviewing strategic options and with any
transaction occurring or being consummated at any subsequent time.
Other important factors that should be reviewed and carefully
considered are included in the Company's 10-K under "Factors That
May Affect Future Results" and its 10-Qs and other reports filed
with the SEC. Actual results may differ materially. The Company
assumes no obligation for updating any such forward-looking
statements to reflect actual results, changes in expectations or
assumptions or other changes affecting such forward-looking
statements, even if such results or changes make it clear that any
such projected results will not be achieved. Any outlook and other
forward-looking information is as of the date of this release only.
At any such time in the future as the Company may provide revenue,
earnings and other outlook information, prior related outlook
should no longer be considered current. Our outlook and other
forward-looking information do not take into account or reflect any
possible future acquisitions, dispositions or similar transactions
which may occur.
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