SOURCE: Fusion

Fusion

June 24, 2016 16:30 ET

Fusion Reports Inducement Grant Under Nasdaq Rule 5635(c)(4)

NEW YORK, NY--(Marketwired - June 24, 2016) - Fusion (NASDAQ: FSNN), a leading provider of cloud services, announced today that its Board of Directors has approved a previously announced grant of 55,000 shares of restricted common stock to Michael Bauer, the Company's recently hired Chief Financial Officer. These restricted shares vest on a pro rata basis on the first, second and third anniversary of his start date and will vest early in the event of a change in control (as defined) of the Company.

The grant was made as an inducement that was a material component of Mr. Bauer's compensation and subsequent acceptance of employment with the Company and was granted as an employment inducement award pursuant to Nasdaq Listing Rule 5635(c)(4) approved by the majority of the Company's independent directors.

About Fusion

Fusion, a leading provider of cloud solutions to small, medium and large businesses, is the industry's single source for the cloud. Fusion's advanced, proprietary cloud service platform enables the integration of leading edge solutions in the cloud, including cloud communications, cloud connectivity, and cloud computing. Fusion's innovative, yet proven cloud solutions lower our customers' cost of ownership, and deliver new levels of security, flexibility, scalability, and speed of deployment. For more information, please visit www.fusionconnect.com.

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