Blucora Appoints New Chief Human Resources Officer; Announces Grants of Inducement Equity Awards Under NASDAQ Listing Rule 56...
15 October 2016 - 1:02PM
Blucora, Inc. (NASDAQ:BCOR), a leading provider of
technology-enabled financial solutions to consumers, small
businesses and tax professionals, today announced that effective on
October 14, 2016 it granted an equity award to Pamela Turay,
Blucora’s new Chief Human Resources Officer. Turay was appointed as
Chief Human Resources Officer effective October 3, 2016 and reports
directly to Blucora President and Chief Executive Officer, John
Clendening.
With more than 20 years business experience in
human capital leadership, Ms. Turay will lead Blucora’s efforts in
the design, development, and execution of human resources
strategies and initiatives, including talent management, learning
and development, compensation and benefits, performance management,
succession planning, organizational transformation, and change
management. Most recently, Ms. Turay served as Senior Vice
President of Human Resources and Development for Jackson Hewitt Tax
Service. Previously, she also served in roles such as Chief People
Officer for Gibson Guitar Corp, and Senior Vice President Human
Resources and Corporate Sales, and Vice President Talent Management
and Development at Harry & David.
The awards were approved by the independent
compensation committee of Blucora’s Board of Directors and were
granted as an inducement to Ms. Turay entering into employment with
Blucora. The awards were granted under Blucora’s 2016 Equity
Inducement Plan, as amended, which Blucora’s board of directors
adopted to facilitate the granting of equity awards to new
employees in accordance with NASDAQ Listing Rule 5635(c)(4).
The inducement awards consist of restricted stock
units, or RSUs, for an aggregate of 14,347 shares of Blucora common
stock and stock options to purchase an aggregate of 103,782 shares
of Blucora common stock. Subject to continued employment with
Blucora, the RSUs will vest over a three-year period, with 33 1/3rd
of the RSUs vesting on the first anniversary of the vesting
commencement date, which is October 3, 2016, and the remainder
vesting in equal six-month installments over the two years
thereafter. The stock options have an exercise price of $11.50 per
share, the closing price per share of Blucora common stock as
reported by NASDAQ on October 14, 2016, the date of grant. The
options have a seven-year term and, subject to continued employment
with Blucora, will vest over a three-year period, with 33 1/3rd of
the options vesting on the first anniversary of the vesting
commencement date, which is October 3, 2016, and the remainder
vesting in equal six-month installments over the two years
thereafter.
About Blucora®Blucora, Inc.
(NASDAQ:BCOR) is a leading provider of technology-enabled financial
solutions to consumers, small businesses and tax professionals. Our
products and services in tax preparation and wealth management,
through TaxAct and HD Vest, help consumers manage their financial
lives. TaxAct is an affordable digital tax preparation solution for
individuals, business owners and tax professionals. HD Vest
Financial Services® supports an independent network of tax
professionals who provide comprehensive financial planning
solutions. For more information on Blucora or its businesses,
please visit www.blucora.com.
Contact
Stacy Ybarra, 425-709-8127
Blucora, Inc.
stacy.ybarra@blucora.com
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