-
Man City sign Palace defender Guehi
-
Under-fire Frank claims backing of Spurs hierarchy
-
Prince Harry, Elton John 'violated' by UK media's alleged intrusion
-
Syria offensive leaves Turkey's Kurds on edge
-
Man City announce signing of defender Guehi
-
Ivory Coast faces unusual pile-up of cocoa at export hubs
-
Senegal 'unsporting' but better in AFCON final, say Morocco media
-
New charges against son of Norway princess
-
What is Trump's 'Board of Peace'?
-
Mbappe calls out Madrid fans after Vinicius jeered
-
Russians agree to sell sanctioned Serbian oil firm
-
Final chaos against Senegal leaves huge stain on Morocco's AFCON
-
Germany brings back electric car subsidies to boost market
-
Europe wants to 'avoid escalation' on Trump tariff threat: Merz
-
Syrian army deploys in former Kurdish-held areas under ceasefire deal
-
Louvre closes for the day due to strike
-
Prince Harry lawyer claims 'systematic' UK newspaper group wrongdoing as trial opens
-
Centurion Djokovic romps to Melbourne win as Swiatek, Gauff move on
-
Brignone unsure about Olympics participation ahead of World Cup comeback
-
Roger Allers, co-director of "The Lion King", dead at 76
-
Senegal awaits return of 'heroic' AFCON champions
-
Trump to charge $1bn for permanent 'peace board' membership: reports
-
Trump says world 'not secure' until US has Greenland
-
Gold hits peak, stocks sink on new Trump tariff threat
-
Champions League crunch time as pressure piles on Europe's elite
-
Harry arrives at London court for latest battle against UK newspaper
-
Swiatek survives scare to make Australian Open second round
-
Over 400 Indonesians 'released' by Cambodian scam networks: ambassador
-
Japan PM calls snap election on Feb 8 to seek stronger mandate
-
Europe readying steps against Trump tariff 'blackmail' on Greenland: Berlin
-
What is the EU's anti-coercion 'bazooka' it could use against US?
-
Infantino condemns Senegal for 'unacceptable scenes' in AFCON final
-
Gold, silver hit peaks and stocks sink on new US-EU trade fears
-
Trailblazer Eala exits Australian Open after 'overwhelming' scenes
-
Warhorse Wawrinka stays alive at farewell Australian Open
-
Bangladesh face deadline over refusal to play World Cup matches in India
-
High-speed train collision in Spain kills 39, injures dozens
-
Gold, silver hit peaks and stocks struggle on new US-EU trade fears
-
Auger-Aliassime retires in Melbourne heat with cramp
-
Melbourne home hope De Minaur 'not just making up the numbers'
-
Risking death, Indians mess with the bull at annual festival
-
Ghana's mentally ill trapped between prayer and care
-
UK, France mull social media bans for youth as debate rages
-
Japan PM to call snap election seeking stronger mandate
-
Switzerland's Ruegg sprints to second Tour Down Under title
-
China's Buddha artisans carve out a living from dying trade
-
Stroking egos key for Arbeloa as Real Madrid host Monaco
-
'I never felt like a world-class coach', says Jurgen Klopp
-
Ruthless Anisimova races into Australian Open round two
-
Australia rest Cummins, Hazlewood, Maxwell for Pakistan T20 series
Loar Holdings Inc. Announces the Grant of Inducement Awards
Loar Holdings Inc. (NYSE:LOAR) ("Loar," "we" and "our"), today announced that it has granted options to purchase an aggregate of 68,000 shares of common stock to three new employees. The options to purchase common stock were granted without stockholder approval as material inducements to the employees entering into employment with Loar pursuant to NYSE Listed Company Manual Section 303A.08 and were approved by the Compensation Committee of the Board of Directors of Loar.
Each grant of options to purchase common stock is granted in five separate, equal size tranches: Tranche A, Tranche B, Tranche C, Tranche D and Tranche E. Tranche A vests on the first anniversary of the date of grant with an exercise price equal to the closing price of our common stock on the trading day immediately preceding the date of grant (the "Grant Price"). Tranche B vests on the second anniversary of the date of grant with an exercise price set at the product of 1.10 and the Grant Price. Tranche C vests on the third anniversary of the date of grant with an exercise price set at the product of 1.21 and the Grant Price. Tranche D vests on the fourth anniversary of the date of grant with an exercise price set at the product of 1.33 and the Grant Price. Tranche E vests on the fifth anniversary of the date of grant with an exercise price set at the product of 1.46 and the Grant Price. The options will expire on the earlier of (i) ten years from the grant date or (ii) 90 days after termination of employment other than upon death, disability or cause. The options to purchase common stock are subject to individual award agreements.
About Loar Holdings Inc.
Loar Holdings Inc. is a diversified manufacturer and supplier of niche aerospace and defense components that are essential for today's aircraft and aerospace and defense systems. Loar has established relationships across leading aerospace and defense original equipment manufacturers and Tier Ones worldwide.
Forward Looking Statements
This press release contains forward-looking statements. These statements are not historical facts but rather are based on Loar's current expectations and projections regarding its business, operations and other factors relating thereto. Words such as "may," "will," "could," "would," "should," "anticipate," "predict," "potential," "continue," "expects," "intends," "plans," "projects," "believes," "estimates" and similar expressions are used to identify these forward-looking statements. These statements are only predictions and as such are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Important factors that could cause actual results to differ materially from those in the forward-looking statements include, but are not limited to, uncertainties related to market conditions, volatility in the price of Loar's common stock, and other factors relating to Loar's business described in the Company's Prospectus dated December 12, 2024, filed with the Securities and Exchange Commission ("SEC") as it may be amended from time to time, and Loar's latest Quarterly Report on Form 10-Q, including under the caption "Risk Factors," and Loar's subsequent filings with the SEC. Any forward-looking statement in this press release speaks only as of the date of this release. Loar undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by any applicable laws.
Contact
Ian McKillop
Loar Holdings Investor Relations
[email protected]
SOURCE: Loar Group Inc.
P.Vogel--VB