Fintech

PRGX Global (NASDAQ:PRGX), a global leader in Recovery Audit and Spend Analytics announced that Anis Hadj-Taieb has been named as VP, global retail sales and business development. Hadj-Taieb served in number of companies including Eversight solutions, Revionics and Oracle. As quoted in the press release: “Anis’s extensive knowledge of retail and technology will be a …

PRGX Global (NASDAQ:PRGX), a global leader in Recovery Audit and Spend Analytics announced that Anis Hadj-Taieb has been named as VP, global retail sales and business development.

Hadj-Taieb served in number of companies including Eversight solutions, Revionics and Oracle.

As quoted in the press release:

“Anis’s extensive knowledge of retail and technology will be a huge asset to our Company and our stakeholders, and we are excited to have him join the team,” said Ron Stewart, President and Chief Executive Officer.

In connection with his employment, on August 7, 2018, the Company granted equity awards to Mr. Hadj-Taieb, including 6,557 shares of restricted stock, 9,836 performance-based restricted stock units (PBUs), and options to purchase 70,000 shares of the Company’s common stock. The restricted stock and options will vest in equal one-third increments on each of August 7, 2019, August 7, 2020 and August 7, 2021, subject to Mr. Hadj-Taieb’s continued employment with the Company.  The options have an exercise price of $9.15. The PBUs vest and become payable based on cumulative revenue from continuing operations, cumulative revenue from adjacent services, and cumulative adjusted EBITDA from continuing operations, in each case, that the Company achieves for the two-year performance period ending December 31, 2019, subject to Mr. Hadj-Taieb’s continued employment with the Company. The terms of the PBUs were consistent with the terms of the PBUs granted to comparable Company leaders on May 29, 2018. The restricted stock, options and PBUs also vest in full in the event of a change in control of the Company, provided Mr. Hadj-Taieb remains continuously employed by the Company until such event.

The grants were approved by the compensation committee of the Company’s board of directors, which the committee is comprised solely of independent directors, and were granted as an inducement material to Mr. Hadj-Taieb entering into employment with the Company in accordance with Nasdaq Listing Rule 5635(c)(4).

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