Grant of Awards to New MultiPlan CEO, Travis Dalton, under NYSE Listing Rules
01 Março 2024 - 8:00PM
Business Wire
As required by the rules of the New York Stock Exchange,
MultiPlan Corporation (NYSE:MPLN) (“MultiPlan” or the “Company”)
today announced that it has granted to Travis Dalton, the Company’s
recently appointed President and Chief Executive Officer, on March
1, 2024, employment inducement awards consisting of the following:
(i) 6,849,315 with such options vesting over a three-year period
from March 1, 2024, in substantially equal annual installments,
subject to Mr. Dalton’s continued employment; and (ii) 4,504,504
restricted stock units with such units vesting over a two-year
period from March 1, 2024, in substantially equal annual
installments, subject to Mr. Dalton’s continued employment. These
awards were granted to Mr. Dalton pursuant to the terms of his
employment agreement, which was disclosed by the Company on a Form
8-K filed with the SEC on January 4, 2024.
These awards were granted outside the Plan, but except as set
forth in the award agreements, will generally be subject to the
same terms and conditions as apply to the applicable awards granted
under the Company’s 2020 Omnibus Incentive Plan. The Compensation
Committee of MultiPlan’s Board of Directors approved these
employment inducement awards in reliance on the employment
inducement exception to shareholder approval provided under Section
303A.08 of the NYSE Listed Company Manual. To comply with the terms
of this exemption, these employment inducement awards require
public announcement of the awards and written notice to the
NYSE.
About MultiPlan
MultiPlan is committed to delivering affordability, efficiency,
and fairness to the US healthcare system by helping healthcare
payors manage the cost of care, improve their competitiveness and
inspire positive change. Leveraging sophisticated technology, data
analytics and a team rich with industry experience, MultiPlan
interprets customers’ needs and customizes innovative solutions
that combine its payment and revenue integrity, network-based and
analytics-based, and data and decision science services. MultiPlan
is a trusted partner to over 700 healthcare payors, brokers,
employer groups, and supplemental carriers in the commercial
health, government, and property and casualty markets. For more
information, visit multiplan.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240301842978/en/
Investor Relations Luke Montgomery, CFA SVP, Finance
& Investor Relations MultiPlan 866-909-7427
investor@multiplan.com Shawna Gasik AVP, Investor Relations
MultiPlan 866-909-7427 investor@multiplan.com Media
Relations Pam Walker AVP, Marketing and Communication MultiPlan
781-895-3118 press@multiplan.com
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