Log in
Login
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nyse  >  RadioShack Corporation    RSH

End-of-day quote. End-of-day quote  - 02/04
0.1105 USD   +1.38%
2015 RADIOSHACK WOUL : lawyer
2015 TRLPC : RadioShack lines up $285M DIP
2015 RadioShack lines up $285 million DIP
SummaryChartsNewsCalendarCompanyFinancials 
News SummaryMost relevantAll newsSector news 

RadioShack Corporation : RadioShack CEO Joseph C. Magnacca Receives Inducement Grants of Restricted Stock and Stock Options

share with twitter share with LinkedIn share with facebook
share via e-mail
0
03/04/2013 | 01:05pm CEST

FORT WORTH, Texas, March 4, 2013 /PRNewswire/ -- RadioShack Corp. (NYSE: RSH) (the "Company"), announced in accordance with New York Stock Exchange rules that it has made inducement grants of 500,000 shares of restricted stock and options to purchase 2,500,000 shares of common stock to Joseph C. Magnacca, its new chief executive officer. Mr. Magnacca officially joined RadioShack as chief executive officer on February 11, 2013.

The shares of restricted stock and stock options were granted with the approval of RadioShack's board of directors. The restricted stock will generally vest on each of the first three anniversaries of the grant date, in increments of one-third of the number of shares granted, provided Mr. Magnacca is employed by the Company on such vesting date. The stock options will generally vest as follows: (a) 375,000 will vest on the second anniversary of the grant date, (b) 375,000 will vest on the third anniversary of the grant date, and (c) 1,750,000 will vest if the Company's per share stock price closes at or above $5.00 for 20 consecutive trading days at any time prior to the expiration of the stock options. The stock options expire seven years after the grant date. Vesting of the stock options is dependent on Mr. Magnacca being employed by the Company on the vesting date.

ABOUT RADIOSHACK CORPORATION

RadioShack (NYSE: RSH) is a leading national retailer of innovative mobile technology products and services, as well as products related to personal and home technology and power supply needs. RadioShack(® )offers consumers a targeted assortment of wireless phones and other electronic products and services from leading national brands, exclusive private brands and major wireless carriers, all within a comfortable and convenient shopping environment. RadioShack employs more than 34,000 knowledgeable and helpful sales experts globally. RadioShack's retail network includes more than 4,600 company-operated stores in the United States and Mexico, 1,500 wireless phone centers in the United States, and more than 1,000 dealer and other outlets worldwide. For more information on RadioShack Corporation, please visit www.radioshackcorporation.com; to purchase items online, please visit www.radioshack.com. RadioShack(®) is a registered trademark licensed by RadioShack Corporation.

News Media Contact:
Media Relations
(817) 415-3300
Media.Relations@RadioShack.com

SOURCE RadioShack Corporation

share with twitter share with LinkedIn share with facebook
share via e-mail
0
React to this article
Latest news on RADIOSHACK CORPORATION
2015 RS LEGACY : Bankruptcy or Receivership, Material Modification to Rights of Secur..
2015 RS LEGACY : What Asset-Based Lenders Should Know About Using IP as Collateral
2015 RADIOSHACK WOULD ACCEPT LIQUIDATION : lawyer
2015 TRLPC : RadioShack lines up $285M DIP
2015 RadioShack lines up $285 million DIP
2015 RADIOSHACK : Reaches Asset Purchase Agreement with Affiliate of Standard General..
2015DJRadioShack Files for Bankruptcy -- 2nd Update
2015DJRadioShack Files for Bankruptcy -- Update
2015DJRadioShack Files for Bankruptcy
2015 RADIOSHACK : Standard General may act as lead bidder for RadioShack Corp -WSJ