This Day On The Street
Continue to site right-arrow
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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

On Assignment Expands And Realigns Management Resources In Line With Company's Recent And Continued Growth

Stocks in this article: ASGN

Pierce has served as an independent director and chairman of the audit committee on the On Assignment board since 2007. Most recently, Pierce was affiliated with a Chicago-based private equity firm and was previously the president of First Acceptance Corporation, a publicly traded retailer, servicer and underwriter of non-standard private-passenger automobile insurance. Pierce has held executive financial and accounting management positions since 1989 having served as the chief financial officer of three publicly held companies, including Metamor Worldwide, a global staffing and solutions business, from November 1994 through January 2001. Pierce began his career in public accounting at Arthur Andersen & Co. in Houston.

In connection with the commencement of his employment with On Assignment, on September 1, 2012, On Assignment granted Mr. Pierce (a) a stock option covering 75,000 shares of On Assignment common stock and (b) a restricted stock unit award covering 8,883 shares of On Assignment common stock. In addition, on the first trading day in January 2013, On Assignment expects to grant Mr. Pierce a restricted stock unit award covering a number of shares of On Assignment common stock having a value equal to $440,000 on the applicable grant date.

The stock option will vest and become exercisable, subject to continued service, with respect to 18,750 shares on the first anniversary of the grant date, and with respect to 1,563 shares on each monthly anniversary thereof over the following three years.

The restricted stock unit award granted on September 1, 2012 will vest, subject to continued service, with respect to 2,221 shares on the first anniversary of the grant date, and with respect to 6,662 shares over the next two years in substantially equal quarterly installments.

The January 2013 restricted stock unit award is expected to vest, subject to continued service, as to 60% of the award on the first anniversary of the grant date and as to 40% of the award based on the achievement of applicable performance targets.

2 of 4

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs