JDA®
Software Group, Inc. (NASDAQ: JDAS) today reported that
in connection with its hiring of Executive Vice President and Chief
Financial Officer Peter S. Hathaway on July 20, 2009, the
compensation committee of the Company’s Board of Directors approved
equity awards to Mr. Hathaway consisting of 50,000 restricted stock
units of the Company, one-third of which will vest 12 months from the
date of hire, with the remainder vesting ratably over a 24-month period
commencing 12 months from the date of hire. Mr. Hathaway also received
50,000 restricted stock units of the Company, which will, in general,
vest ratably if and when the Company achieves certain predefined EBITDA
milestones. Additionally, Mr. Hathaway’s inducement awards allow him to
earn a target performance share award equal to 25,000 shares of the
Company’s common stock, which will be based upon the achievement of the
Company’s 2009 annual EBITDA target, as previously established by the
Company’s Board of Directors. In the event of a change in control of the
Company, the vesting of all outstanding unvested equity awards granted
to Mr. Hathaway will accelerate as of the date of the change in control.
These awards have been granted outside of the terms of the Company’s
2005 Performance Incentive Plan by the Compensation Committee of the
Company’s Board of Directors in reliance on NASDAQ Marketplace Rule
5635(c)(4) as an inducement to Mr. Hathaway to join the Company.
About JDA Software Group, Inc.
JDA®
Software Group, Inc. (NASDAQ:
JDAS) is the world’s leading supply chain solutions provider, helping
companies optimize operations and improve profitability. JDA drives
business efficiency for its global customer base of more than 5,800
retailers, manufacturers, wholesaler-distributors and services
industries companies through deep domain expertise and innovative
solutions. JDA's combination of unmatched services, together with its
integrated yet modular solutions for merchandising, supply chain
planning and execution and revenue management, leverage the strong
heritage and knowledge capital of market leaders including Manugistics,
E3, Intactix and Arthur. When supply chain results matter, companies
turn to JDA. For more information about JDA, visit www.jda.com
or contact us at info@jda.com or call
+1.800.479.7382 / +1.480.308.3000.
We do not believe this press release contains forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. Nevertheless, if remarks in this press release are
considered to be ``forward-looking'' or to have forward-looking
implications, we would remind our investors and prospective investors
that future events may involve risks and uncertainties. Other risks and
uncertainties that may affect our business are detailed from time to
time in the ``Risk Factors'' section of our filings with the Securities
and Exchange Commission. As a result of these and other risks, actual
results may differ materially from those predicted. We undertake no
obligation to update information in this release.
“JDA” is a trademark or registered trademark of JDA Software Group,
Inc. Any trade, product or service name referenced in this document
using the name “JDA” is a trademark and/or property of JDA Software
Group, Inc.
JDA Investor Relations Contact:
The Berlin Group
Lawrence
Delaney, Jr., 714-734-5000
larry@berlingroup.com
or
JDA
Public Relations Contact:
JDA Software Group, Inc.
Jenni
Ottum, 480-308-3438
Jenni.Ottum@jda.com