Item 8.01 Other Events.
On
Eligible participants will be permitted to exchange certain Eligible Options for New Options on a one-for-one basis. The New Options will have an exercise price equal to the closing price of the Company's common stock as reported on The Nasdaq Global Select Market on the grant date of the New Options. The criteria for eligible participants and other terms of the Option Exchange Program are still being finalized and are subject to final approval by the Company's board of directors, and will be announced in a Tender Offer Statement on Schedule TO in connection with the commencement of the Option Exchange Program.
Attached as Exhibit 99.1 and incorporated by reference herein is an email
communication regarding the proposed Option Exchange Program that
The Option Exchange Program has not yet commenced and, subject to final approval
by the Company's board of directors, will only be made pursuant to the terms and
conditions set forth in the Tender Offer Statement on Schedule TO, including the
Offer to Exchange, and other related materials filed with the
This filing and the exhibits incorporated by reference herein include forward-looking statements within the meaning of the federal securities laws. These forward-looking statements include, but are not limited to, statements regarding the Company's expectations regarding the Option Exchange Program and the terms, conditions and scope thereof. Forward-looking statements are subject to known and unknown risks and uncertainties. All information provided herein is as of the date hereof, and we undertake no duty to update this information unless required by law.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits Exhibit No. Description 99.1 Electronic Mail Communication sent onAugust 10, 2022 fromFrancis Davidson , CEO, to All Employees Cover Page Interactive Data File (embedded within the Inline XBRL 104 document)
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