Streamline (STRM) Enters $404K Subscription Agreement; to Grant Restricted Stock Rights
Tweet
Share
E-mailGet Alerts STRM Hot Sheet
Join SI Premium – FREE
Streamline Health Solutions, Inc. (Nasdaq: STRM) has accepted subscription agreements from members of the Board of Directors of the Company and certain members of the Company's senior management team to acquire an aggregate of $404,000 of the Company's common stock at a price of $1.65 per share. The common stock will be issued pursuant to the Company's existing shelf registration statement, which became effective on July 20, 2010.
Additionally, the Company announced that it would grant restricted stock on December 30, 2011 to certain members of the Company's senior management team in lieu of annual cash bonuses. Robert E. Watson, president and chief executive officer, will receive 45,454 shares of restricted stock; Gary M. Winzenread, senior vice president and chief operating officer, will receive 18,181 shares of restricted stock; Richard D. Leach, senior vice president and chief marketing officer, will receive 15,151 shares of restricted stock; and Stephen H. Murdock, senior vice president and chief financial officer, will receive 13,636 shares of restricted stock. Two additional senior managers will receive a combined total of 20,605 restricted shares in lieu of cash.
Additionally, the Company announced that it would grant restricted stock on December 30, 2011 to certain members of the Company's senior management team in lieu of annual cash bonuses. Robert E. Watson, president and chief executive officer, will receive 45,454 shares of restricted stock; Gary M. Winzenread, senior vice president and chief operating officer, will receive 18,181 shares of restricted stock; Richard D. Leach, senior vice president and chief marketing officer, will receive 15,151 shares of restricted stock; and Stephen H. Murdock, senior vice president and chief financial officer, will receive 13,636 shares of restricted stock. Two additional senior managers will receive a combined total of 20,605 restricted shares in lieu of cash.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Denarius Metals acquires 15% stake in Copper Giant, Trafigura invests
- ZeroStack (ZSTK) files for 54.61M share offering by selling stockholders
- Home Depot expands executive roles, grants $500K in restricted stock
Create E-mail Alert Related Categories
Corporate News, Equity OfferingsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
