Smart Balance Reports Granting of Inducement Award
18 September 2012 - 6:45AM
Smart Balance, Inc. (Nasdaq:SMBL) reported today that it has
granted an inducement award to Doug Peterson, who joined Udi's
Healthy Foods, LLC as Senior Accountant. The award was made on
September 10, 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 award consists of a total of 7,500 options for shares of
Smart Balance common stock. The options have a ten 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 brands that target specific consumer needs: Glutino and
Udi's for gluten-free diets; Earth Balance for plant-based diets;
Smart Balance for heart healthier diets; and Bestlife for weight
management. 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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