Smart Balance Reports Granting of Inducement Awards
23 August 2012 - 1:31AM
Smart Balance, Inc. (Nasdaq:SMBL) reported today that it has
granted inducement awards to three new non-executive employees.
The awards were made on August 15, 2012 and August 20, 2012
under the Smart Balance, Inc. 2012 Inducement Award Plan, which
provides for the granting of stock option awards to new employees
as an inducement to join the company. The inducement awards consist
of a total of 97,500 options for shares of Smart Balance common
stock in the aggregate granted to three non-executive employees.
The options have a 10-year term and an exercise price equal to the
fair market value of Company common stock on the date of grant. The
options vest in four equal annual installments beginning on the
one-year anniversary of their grant dates.
About Smart Balance, Inc.
Smart Balance, Inc. (Nasdaq:SMBL) is committed to providing
superior tasting, solution-driven products in every category it
enters. The Company's health and wellness platform consists of four
brands that target specific consumer needs: Smart Balance for heart
healthier diets; Glutino and Udi's for gluten-free diets; Earth
Balance for plant-based diets; and Bestlife for weight
management. The Company markets the Smart Balance line of
products, which avoids trans-fats naturally and balances fats
and/or reduces saturated fats, such as Smart Balance® Buttery
Spreads and Enhanced Milks. The Company's Glutino and Udi's
brands are trusted pioneers and leaders in the gluten-free
category, with a wide variety of great-tasting gluten-free foods
consumers trust across a number of product categories, such as
Glutino® Pretzel Twists and Breakfast Bars and Udi's Gluten Free
Breads. The Company markets the Earth Balance line
of non-GMO plant-based products, which include Earth Balance®
Buttery Spreads, Nut Butters and Soy Milks. The Company also
markets weight management products under
the Bestlife brand, which include Bestlife™ Buttery
Spreads and Sticks. For more information about Smart Balance,
Inc., please visit www.smartbalance.com.
The Smart Balance, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=13800
CONTACT: Carole Buyers, CFA
Senior Vice President,
Investor Relations & Business Development
Smart Balance, Inc.
cbuyers@smartbalance.com
303-652-0521 x152
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