SIGN UP TO RECEIVE AN EMAIL WHEN NEW CONTENT IS ADDED TO THE POLY NEWSROOM.

To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. After submitting your request, you will receive an activation email to the requested email address. You must click the activation link in order to complete your subscription. You can sign up for additional alert options at any time.

At COMPANY NAME, we promise to treat your data with respect and will not share your information with any third party. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the ‘unsubscribe’ section below. If you experience any issues with this process, please contact us for further assistance.

By providing your email address below, you are providing consent to COMPANY NAME to send you the requested Investor Email Alert updates.

* Required

 
Enter the code shown above.

Press Release Details

SIGN UP TO RECEIVE AN EMAIL WHEN NEW CONTENT IS ADDED TO THE POLY NEWSROOM.

To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. After submitting your request, you will receive an activation email to the requested email address. You must click the activation link in order to complete your subscription. You can sign up for additional alert options at any time.

At COMPANY NAME, we promise to treat your data with respect and will not share your information with any third party. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the ‘unsubscribe’ section below. If you experience any issues with this process, please contact us for further assistance.

By providing your email address below, you are providing consent to COMPANY NAME to send you the requested Investor Email Alert updates.

* Required

 
Enter the code shown above.
View all news

Poly Grants Chief Supply Chain Officer Grant Hoffman Inducement Awards Pursuant to NYSE Rule 303A.08

February 16, 2021

SANTA CRUZ, Calif., Feb. 16, 2021 /PRNewswire/ -- Poly (NYSE: PLT) today announced that it has granted equity awards that were approved by the Leadership Development and Compensation Committee (the "Committee") of Poly's Board of Directors on February 1, 2021, as a material inducement to employment to Grant Hoffman, who was appointed Executive Vice President, Chief Supply Chain Officer, effective as of January 28, 2021.

The awards made to Mr. Hoffman are as follows. First, an award of 7,200 restricted stock units ("RSUs") granted on February 16, 2021 (the "Award Date"), which will vest in three equal annual installments commencing on the last calendar day of the month following each anniversary of the Award Date in accordance with the Company's Equity Processes Policy, in each case subject to Mr. Hoffman's continued employment with the Company on each applicable vesting date. Second, an award of 16,800 performance stock unit awards ("PSUs") on the Award Date. The performance period for the PSUs will be aligned to the Company's 2021 fiscal year for performance-based RSUs (the "PSU Plan") and earnable over the last two years of the three-year performance period. The PSUs will vest in accordance with the terms of the PSU Plan, subject to Mr. Hoffman's continued employment with the Company through the applicable vesting date.

The awards were all granted outside of the Poly 2003 Stock Plan (but generally have terms and conditions consistent with those set forth in that plan) and were approved by the Committee in reliance on the employment inducement exemption under the NYSE's Listed Company Manual Rule 303A.08, which requires public announcement of inducement awards. Pursuant to the requirements of that rule, Poly is issuing this press release.

About Poly
Poly (NYSE: PLT) creates premium audio and video products so you can have your best meeting -- anywhere, anytime, every time. Our headsets, video and audio-conferencing products, desk phones, analytics software and services are beautifully designed and engineered to connect people with incredible clarity. They're pro-grade, easy to use and work seamlessly with all the best video and audio conferencing services. With Poly (Plantronics, Inc. – formerly Plantronics and Polycom), you'll do more than just show up, you'll stand out. For more information visit www.Poly.com.

Poly, the propeller design, and the Poly logo are trademarks of Plantronics, Inc. All other trademarks are the property of their respective owners. 

INVESTOR CONTACT:
Mike Iburg
Vice President, Investor Relations
(831) 458-7533

MEDIA CONTACT:
Edie Kissko
Vice President, Poly Communications
(213) 369-3719

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/poly-grants-chief-supply-chain-officer-grant-hoffman-inducement-awards-pursuant-to-nyse-rule-303a08-301229277.html

SOURCE Plantronics, Inc.

Multimedia Files:

View all news