SUNNYVALE, Calif.--(BUSINESS WIRE)--Mar. 24, 2016--
The Board of Directors of Financial Engines (NASDAQ:FNGN), a leading
independent investment advisor1, as previously
announced on February 18, 2016, approved an inducement award as a
component of employment compensation for its recently appointed
executive John Bunch. The award was approved by the Board’s Compensation
Committee on February 11, 2016 as an inducement material to the
executive entering into employment with the Company in accordance with
NASDAQ Listing Rule 5635(c)(4).
The award was granted on February 26, 2016, in the form of an option to
purchase 176,264 shares of the Company’s common stock and 61,001 RSUs.
This award was made outside of the Company's Amended and Restated 2009
Stock Incentive Plan (the "2009 Plan"), but will be subject to terms and
conditions generally consistent with those in the 2009 Plan. Please
refer to the Company’s press release dated February 18, 2016 for
additional material terms of the inducement grant.
About Financial Engines
Financial Engines is America’s largest independent investment advisor1.
We help people make the most of their money by providing full-service
financial planning, including professional investment management and
advice. Headquartered in Sunnyvale, CA, Financial Engines was co-founded
in 1996 by Nobel Prize-winning economist William F. Sharpe. We serve as
a comprehensive financial advisor for our workplace customers, and offer
help to more than nine million people across 670 companies (including
143 of the Fortune 500). Our unique approach, combined with powerful
online services, dedicated advisors and personal attention, promotes
greater financial wellness and helps more Americans to meet their
For more information, visit www.financialengines.com.
All advisory services provided by our investment advisory subsidiaries,
including Financial Engines Advisors L.L.C. and a nationwide system of
registered investment advisors known as The Mutual Fund Store. Financial
Engines does not guarantee future results.
All information in this press release is as of the date stated or March
24, 2016 and unless required by law, Financial Engines undertakes no
obligation to publicly revise any statement to reflect circumstances or
events after the date of this press release or to report the occurrence
of unanticipated events.
1 For independence methodology and ranking, see
InvestmentNews RIA Data Center. (http://data.investmentnews.com/ria/).
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Source: Financial Engines