Monotype Imaging Reports Inducement Grants Under Nasdaq Marketplace Rule 5635(c)
WOBURN, Mass.--(BUSINESS WIRE)--
Monotype Imaging Holdings Inc. (Nasdaq: TYPE), a leading provider of
typefaces, technology and expertise for creative applications and
consumer devices, today announced that in association with its Oct. 29,
2012 acquisition of Design By Front Limited, and in compliance with
Nasdaq Marketplace Rule 5635(c), Monotype has granted equity awards as
inducement awards to employees of Design by Front who are now joining
Monotype granted an aggregate of 35,475 shares of restricted stock as
inducement awards to 13 employees of Design by Front, including 10,000
shares each to Paul McKeever and Jamie Neely. The shares were issued to
each Design by Front employee on Nov. 1, 2012, with no payment by such
individual for the shares.
The shares granted to McKeever and Neely vest as follows: 50 percent on
the third anniversary of the grant date and the remaining 50 percent on
the fourth anniversary of the grant date. The shares granted to the
other 11 employees vest as follows: 25 percent on the first anniversary
date of the grant date and the remaining shares vesting in equal
quarterly installments over the following three years, with all such
shares fully vested by the fourth anniversary of the grant date. All
shares granted in connection with the acquisition require that the
respective recipient continue to be an employee of Monotype through each
applicable vesting date and are subject to possible accelerated vesting
under certain circumstances.
About Monotype Imaging
Monotype Imaging is a leading global provider of typefaces, technology
and expertise that enable the best user experience and ensure brand
integrity. Based in Woburn, Mass., Monotype provides customers worldwide
with typeface solutions for a broad range of creative applications and
consumer devices. The company's library and e-commerce sites are home to
many of the most widely used typefaces — including the Helvetica®,
Frutiger® and Univers® families — as well as the next generation of type
designs. Further information is available at www.monotypeimaging.com.
Monotype is a trademark of Monotype Imaging Inc. registered in the U.S.
Patent and Trademark Office and may be registered in certain
jurisdictions. Helvetica and Frutiger are trademarks of Linotype Corp.
registered in the U.S. Patent and Trademark Office and may be registered
in certain jurisdictions in the name of Linotype Corp. or its licensee
Linotype GmbH. Univers is a trademark of Linotype GmbH registered in the
U.S. Patent and Trademark Office and may be registered in certain
jurisdictions. All other trademarks are the property of their respective
owners. © 2012 Monotype Imaging Holdings Inc. All rights reserved.
Monotype Imaging Inc.
Vikki Quick, 781-970-6115
Staci Mortenson, 781-970-6120
Source: Monotype Imaging Holdings Inc.
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