QuickLogic Announces Inducement Grant Under Nasdaq Listing Rule 5635(c)(4)
QuickLogic’s Compensation Committee granted 51,502 restricted stock units to James Sullivan, the company’s new Senior Vice President of Finance and Chief Financial Officer. The grant was made under Nasdaq Listing Rule 5635(c)(4).
Why it matters — QUIK watchers may note the equity award as part of the appointment of the company’s new finance chief.