Smart Balance Reports Granting Of Inducement Awards
PARAMUS, N.J., Aug. 22, 2012 (GLOBE NEWSWIRE) -- Smart Balance, Inc. (Nasdaq:SMBL) reported today that it has granted inducement awards to three new non-executive employees.
The awards were made on August 15, 2012 and August 20, 2012 under the Smart Balance, Inc. 2012 Inducement Award Plan, which provides for the granting of stock option awards to new employees as an inducement to join the company. The inducement awards consist of a total of 97,500 options for shares of Smart Balance common stock in the aggregate granted to three non-executive employees. The options have a 10-year term and an exercise price equal to the fair market value of Company common stock on the date of grant. The options vest in four equal annual installments beginning on the one-year anniversary of their grant dates.
About Smart Balance, Inc.Smart Balance, Inc. (Nasdaq:SMBL) is committed to providing superior tasting, solution-driven products in every category it enters. The Company's health and wellness platform consists of four brands that target specific consumer needs: Smart Balance for heart healthier diets; Glutino and Udi's for gluten-free diets; Earth Balance for plant-based diets; and Bestlife for weight management. The Company markets the Smart Balance line of products, which avoids trans-fats naturally and balances fats and/or reduces saturated fats, such as Smart Balance ® Buttery Spreads and Enhanced Milks. The Company's Glutino and Udi's brands are trusted pioneers and leaders in the gluten-free category, with a wide variety of great-tasting gluten-free foods consumers trust across a number of product categories, such as Glutino ® Pretzel Twists and Breakfast Bars and Udi's Gluten Free Breads. The Company markets the Earth Balance line of non-GMO plant-based products, which include Earth Balance ® Buttery Spreads, Nut Butters and Soy Milks. The Company also markets weight management products under the Bestlife brand, which include Bestlife™ Buttery Spreads and Sticks. For more information about Smart Balance, Inc., please visit www.smartbalance.com . The Smart Balance, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=13800
CONTACT: Carole Buyers, CFA Senior Vice President, Investor Relations & Business Development Smart Balance, Inc. firstname.lastname@example.org 303-652-0521 x152
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