, /PRNewswire/ -- . (: TST), a leading digital financial media company, announced today that has joined the Company as Chief Financial Officer, effective .

'As TheStreet continues its focus on operational excellence this year, Eric's experience in strategy, finance and operations will complement our already robust executive team,' said , CEO and President of . 'As part of his Chief Financial Officer duties, Eric will play a significant role in supporting our future growth initiatives.'

has over 20 years of experience in the media industry as a director and finance officer of private media companies. recently held the position of Senior Vice President and Chief Financial Officer of , an integrated media company focused on the legal and commercial real estate sectors, from to . He was also a member of ALM Media's board of directors. joined ALM Media from Penton Media, Inc., where he served as Chief Financial Officer from to . Prior to joining Penton Media, held various financial positions within American Lawyer Media (predecessor to ), including Vice President of Finance and Chief Financial Officer, from 1995-2006. holds a B.S. in accounting from .

With the addition of , will cease to serve as the Company's Interim Chief Financial Officer and will continue his employment with the Company as Chief Accounting Officer.

On , the Compensation Committee of the Company's Board of Directors approved an equity award as an inducement material to Mr. Lundberg's acceptance of employment with the Company in accordance with NASDAQ Listing Rule 5635(c)(4). In connection with his appointment yesterday, Mr. Lundberg received an option to purchase 650,000 shares of the Company's common stock, with an exercise price of $1.36 per share which is equal to yesterday's closing price of the Company's common stock. The option has a five year term and vests over a period of four years, with 25% vesting after one year of the grant date and the remaining 75% vesting in approximately equal monthly increments over the succeeding thirty-six months, provided his continuous employment through each vesting date, and subject to acceleration or forfeiture upon the occurrence of certain events as set forth in his option agreement.

About TheStreet

, Inc. (www.t.st) is a leading independent digital financial media company providing business and financial news, investing ideas and analysis to personal and institutional investors worldwide. The Company's portfolio of business and personal finance brands includes: TheStreet, RealMoney, Action Alerts PLUS and MainStreet. To learn more, visit www.thestreet.com. The Deal, the Company's institutional business, provides intraday coverage of mergers and acquisitions and all other changes in corporate control, and through its BoardEx product, director and officer profiles.

To learn more, visit www.thedeal.com and www.boardex.com. RateWatch, the Company's business unit, provides rate and fee data from banks and credit unions across the for a wide variety of banking products. To learn more, visit www.rate-watch.com.

Contact: , Chief Financial Officer, , ir at thestreet.com, , Investor Relations, , ir at thestreet.com

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SOURCE

TheStreet.com Inc. issued this content on 2016-01-20 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2016-01-20 14:28:14 UTC

Original Document: http://pressroom.thestreet.com/releasedetail.cfm?releaseid=950950