Applied Optoelectronics Announces Equity Grants To Employees Under Inducement Plan
22 Fevereiro 2024 - 6:15PM
Applied Optoelectronics,
Inc. (NASDAQ:
AAOI), a leading provider of fiber-optic access
network products for the internet datacenter, cable broadband,
telecom and fiber-to-the-home (FTTH) markets, today announced that
the Compensation Committee of its Board of Directors granted
inducement awards for 31,507 shares of common stock to 9 new
employees, with a grant date of February 19, 2024, pursuant to the
Applied Optoelectronics, Inc. 2023 Equity Inducement Plan (the
“Inducement Plan”).
The Inducement Plan is used exclusively for the grant of equity
awards to individuals who were not previously employees of Applied
Optoelectronics, or following a bona fide period of non-employment,
as an inducement material to such individuals’ entering into
employment with Applied Optoelectronics, pursuant to Nasdaq Listing
Rule 5635(c)(4).
The inducement awards are comprised of restricted stock units
which vest over a four-year period, subject to the employee’s
continued service on the applicable vesting dates. The restricted
stock units are subject to the terms and conditions of the
Inducement Plan and restricted stock unit agreements covering the
grants.
About Applied
Optoelectronics
Applied Optoelectronics Inc. (AOI) is a leading developer and
manufacturer of advanced optical products, including components,
modules and equipment. AOI's products are the building blocks for
broadband fiber access networks around the world, where they are
used in the internet datacenter, CATV broadband, telecom and FTTH
markets. AOI supplies optical networking lasers, components and
equipment to tier-1 customers in all four of these markets. In
addition to its corporate headquarters, wafer fab and advanced
engineering and production facilities in Sugar Land, TX, AOI has
engineering and manufacturing facilities in Taipei, Taiwan and
Ningbo, China. For additional information, visit
www.ao-inc.com.
Investor Relations
Contacts:
The Blueshirt Group, Investor Relations Lindsay
Savarese+1-212-331-8417ir@ao-inc.com
Cassidy Fuller+1-415-217-4968ir@ao-inc.com
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