SOURCE: Harte Hanks, Inc.

Harte Hanks, Inc.

March 18, 2016 15:00 ET

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

SAN ANTONIO, TX--(Marketwired - Mar 18, 2016) - Harte Hanks, Inc. (NYSE: HHS) today announced additional details of its previously announced employment inducement awards granted to Mr. Shirish R. Lal in connection with his appointment as its new Executive Vice President, Chief Operating Officer & Chief Technology Officer. Harte Hanks' independent directors approved the employment inducement awards (the "Inducement Awards") as a material inducement to Mr. Lal 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. Lal received (i) a non-qualified stock option award for 120,371 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 73,684 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, call (800) 456-9748, email or follow us on Twitter @hartehanks or Facebook at

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.