In accordance with NYSE requirements, the Company hereby discloses that its Board of Directors has authorized the grant to Elijio V. Serrano of an employment inducement award of 79,051 nonqualified stock options and 46,898 shares of restricted stock, with the grant date of such awards to be August 15, 2012. The exercise price of the nonqualified stock options will be based upon the fair market value of the Company's common stock on the date of grant. The nonqualified stock options will vest 33.3334% on the first anniversary date of the award and an additional 2.7778% of the award each month thereafter. The restricted stock will vest 33.3334% on the first anniversary date of the award and an additional 16.6667% each six months thereafter.TETRA is a geographically diversified oil and gas services company, focused on completion fluids and other products, after-frac flow back and production well testing, wellhead compression, and selected offshore services including well plugging and abandonment, decommissioning, and diving.
Tetra Technologies, Inc. Announces New Chief Financial Officer
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