Applied Optoelectronics Announces Equity Grants To Employees Under Inducement Plan
10 November 2023 - 8:06AM
Applied Optoelectronics,
Inc. (NASDAQ:
AAOI), a leading provider of fiber-optic access
network products for the cable broadband, internet datacenter,
telecom and fiber-to-the-home (FTTH) markets, today announced that
the Compensation Committee of its Board of Directors granted
inducement awards for 25,587 shares of common stock to 6 new
employees, with a grant date of November 3, 2023, 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 CATV broadband, internet datacenter, 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 RelationsLindsay
Savarese+1-212-331-8417ir@ao-inc.com
Cassidy Fuller+1-415-217-4968ir@ao-inc.com
Applied Optoelectronics (NASDAQ:AAOI)
Historical Stock Chart
From Apr 2024 to May 2024
Applied Optoelectronics (NASDAQ:AAOI)
Historical Stock Chart
From May 2023 to May 2024