This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

XPO Logistics Grants Inducement Equity Award

The Compensation Committee of the Board of Directors of XPO Logistics, Inc. (NYSE Amex: XPO) granted certain equity-based awards to John J. Hardig on February 13, 2012, as a material inducement to accept employment as the company’s chief financial officer.

Mr. Hardig’s equity-based awards consist of (1) 50,000 options that vest in five equal installments beginning on September 2, 2012 and on each anniversary thereof, with an exercise price equal to $14.09 per share, which was the closing price of the company’s common stock on the grant date, (2) 50,000 restricted stock units that vest in five equal installments on the same dates that the options vest, and (3) 85,000 restricted stock units that vest in five equal installments on the same dates that the options vest, provided that certain performance goals are satisfied.

The anticipated grant of equity-based awards and certain terms relating thereto (including the impact on outstanding awards of a termination of Mr. Hardig’s employment or a change in control of the company) were previously disclosed in a Form 8-K filed by the company on February 7, 2012 announcing the appointment of Mr. Hardig as chief financial officer.

The company’s Compensation Committee, which is comprised solely of independent directors, approved the grants pursuant to stand-alone award agreements and in accordance with Section 711 of the NYSE Amex LLC Company Guide.

About XPO Logistics, Inc.

Founded in 1989, XPO Logistics, Inc. is a non-asset-based, third-party logistics services provider that uses a network of relationships with ground, sea and air carriers to find the best transportation solutions for its customers. The company offers its services through three distinct business units: Express-1, Inc. (expedited transportation solutions); Concert Group Logistics, Inc. (domestic and international freight forwarding); and Bounce Logistics, Inc. and other premium truckload brokerage operations. XPO Logistics serves more than 4,000 retail, commercial, manufacturing and industrial customers through seven U.S. operations centers and 23 agent locations. www.xpologistics.com

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 17,568.53 -127.94 -0.73%
S&P 500 2,079.65 -12.01 -0.58%
NASDAQ 5,088.63 -48.8540 -0.96%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs