SOURCE: Harte Hanks, Inc.

Harte Hanks, Inc.

October 30, 2015 16:45 ET

Harte Hanks Updates Disclosure Pursuant to NYSE Rule 303A.08

SAN ANTONIO, TX--(Marketwired - Oct 30, 2015) - Harte Hanks, Inc. (NYSE: HHS) today announced additional details of its previously announced employment inducement awards granted to Mr. Frank M. Grillo in connection with his appointment as its new Senior Vice President and Chief Marketing Officer. Harte Hanks' independent directors approved the employment inducement awards (the "Inducement Awards") as a material inducement to Mr. Grillo to accept his offer of employment, in reliance on the employment inducement award exemption to New York Stock Exchange Listing Rule 303A.08.

The Inducement Awards were denominated in dollar amounts when awarded, and the number of shares underlying each award has now been determined as follows: Mr. Grillo received (i) a non-qualified stock option award for 101,306 shares with an exercise price equal to the closing market price per share of Harte Hanks' common stock on the date of grant, which option shall vest in four equal installments on the first four anniversaries of the date of grant and expire on the tenth anniversary of the date of grant; and (ii) an award of 13,145 shares of restricted Harte Hanks' common stock, which shares of restricted stock shall vest in three equal installments on the first three anniversaries of the date of grant. The Inducement Awards are subject to vesting acceleration upon certain transactions involving the Company.  

About Harte Hanks

Harte Hanks partners with clients to deliver relevant, connected and quality customer interactions. Our approach starts with discovery and learning, which leads to customer journey mapping, creative and content development, analytics and data management, and ends with execution and support in a variety of digital and traditional channels. We do something powerful: we produce engaging and memorable customer interactions to drive business results for our clients, which is why Harte Hanks is famous for developing better customer relationships, experiences and defining interaction-led marketing. For more information, visit the Harte Hanks website at www.hartehanks.com, call (800) 456-9748, email pr@hartehanks.com or follow us on Twitter @hartehanks or Facebook at https://www.facebook.com/HarteHanks.

Forward-Looking Statements

This press release contains forward-looking statements, including statements about the Company's leadership transition. A number of risks and uncertainties could cause actual results to differ materially from currently anticipated results. Additional important factors and information regarding Harte Hanks that could cause actual results to differ materially from those indicated by such forward-looking statements are set forth in our Annual Report on Form 10-K, as filed with the SEC and available in the "Investors" section of our website under the heading "Financials & Filings." We specifically disclaim any obligation to update these forward-looking statements in the future even if circumstances change and, therefore, you should not rely on these forward-looking statements as representing our views after today.

As used herein, "Harte Hanks" refers to Harte Hanks, Inc. and/or its applicable operating subsidiaries, as the context may require. Harte Hanks' logo and name are trademarks owned by Harte Hanks.