{"id":456712,"date":"2021-03-12T07:24:57","date_gmt":"2021-03-12T12:24:57","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=456712"},"modified":"2021-03-12T07:24:57","modified_gmt":"2021-03-12T12:24:57","slug":"carrols-restaurant-group-inc-announces-inducement-grant-under-nasdaq-listing-rule-5635c4","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/carrols-restaurant-group-inc-announces-inducement-grant-under-nasdaq-listing-rule-5635c4\/","title":{"rendered":"Carrols Restaurant Group, Inc. Announces Inducement Grant Under Nasdaq Listing Rule 5635(C)(4)"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">SYRACUSE, N.Y., March  12, 2021  (GLOBE NEWSWIRE) &#8212; Carrols Restaurant Group, Inc. (\u201cCarrols\u201d or the \u201cCompany\u201d) (Nasdaq: TAST) today announced that as a material inducement to enter into employment with the Company on\u00a0February 15, 2021, the Company granted an inducement award of 250,000 restricted shares of the Company\u2019s common stock (the \u201c<u>Inducement Award<\/u>\u201d) to Carl Hauch, Vice President and Chief Operating Officer of the Company on March 12, 2021, which vests as follows: (a) 34% of the Inducement Award will vest on the first anniversary of the date of grant, (b) 33% of the Inducement Award will vest on the second anniversary of the date of grant and (c) 33% of the Inducement Award will vest on the third anniversary of the date of grant. Vesting of the shares of restricted stock is conditioned upon Mr. Hauch&#8217;s continued employment with the Company and is subject to acceleration upon certain events. The Inducement Award was granted in accordance with NASDAQ Listing Rule 5635(c)(4) and approved by the Compensation Committee of the Company\u2019s Board of Directors.<\/p>\n<p align=\"justify\">\n        <strong>About the Company<\/strong>\n      <\/p>\n<p align=\"justify\">Carrols is one of the largest restaurant franchisees in the United States, and currently operates approximately 1,075 restaurants. It is the largest BURGER KING\u00ae franchisee in the United States, currently operating 1,010 BURGER KING\u00ae restaurants and also operating 65 POPEYES\u00ae restaurants. It has operated BURGER KING\u00ae restaurants since 1976. For more information on Carrols, please visit the company&#8217;s website at www.carrols.com.<\/p>\n<p align=\"justify\">\n        <strong>Forward-Looking Statements<\/strong>\n      <\/p>\n<p align=\"justify\">Except for the historical information contained in this news release, the matters addressed are forward-looking statements. Forward-looking statements, written, oral or otherwise made, represent Carrols&#8217; expectation or belief concerning future events. Without limiting the foregoing, these statements are often identified by the words &#8220;may&#8221;, &#8220;might&#8221;, &#8220;believes&#8221;, &#8220;thinks&#8221;, &#8220;anticipates&#8221;, &#8220;plans&#8221;, &#8220;expects&#8221;, &#8220;intends&#8221; or similar expressions. In addition, expressions of our strategies, intentions, plans or guidance are also forward-looking statements. Such statements reflect management&#8217;s current views with respect to future events and are subject to risks and uncertainties, both known and unknown. You are cautioned not to place undue reliance on these forward-looking statements as there are important factors that could cause actual results to differ materially from those in forward-looking statements, many of which are beyond our control. Investors are referred to the full discussion of risks and uncertainties, including the impact of COVID-19 on Carrols\u2019 business, as included in Carrols&#8217; filings with the Securities and Exchange Commission.<\/p>\n<p align=\"justify\">Investor Relations:<br \/>Raphael Gross<br \/>203-682-8253<br \/>investorrelations@carrols.com<\/p>\n<\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE4OTIxMiM0MDYwODY5IzIwMDc2Mjk=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/9e226a58-c813-45f7-80d9-3b2632029bf6\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>SYRACUSE, N.Y., March 12, 2021 (GLOBE NEWSWIRE) &#8212; Carrols Restaurant Group, Inc. (\u201cCarrols\u201d or the \u201cCompany\u201d) (Nasdaq: TAST) today announced that as a material inducement to enter into employment with the Company on\u00a0February 15, 2021, the Company granted an inducement award of 250,000 restricted shares of the Company\u2019s common stock (the \u201cInducement Award\u201d) to Carl Hauch, Vice President and Chief Operating Officer of the Company on March 12, 2021, which vests as follows: (a) 34% of the Inducement Award will vest on the first anniversary of the date of grant, (b) 33% of the Inducement Award will vest on the second anniversary of the date of grant and (c) 33% of the Inducement Award will vest on the third anniversary &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/carrols-restaurant-group-inc-announces-inducement-grant-under-nasdaq-listing-rule-5635c4\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Carrols Restaurant Group, Inc. Announces Inducement Grant Under Nasdaq Listing Rule 5635(C)(4)&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-456712","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Carrols Restaurant Group, Inc. Announces Inducement Grant Under Nasdaq Listing Rule 5635(C)(4) - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/carrols-restaurant-group-inc-announces-inducement-grant-under-nasdaq-listing-rule-5635c4\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Carrols Restaurant Group, Inc. Announces Inducement Grant Under Nasdaq Listing Rule 5635(C)(4) - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"SYRACUSE, N.Y., March 12, 2021 (GLOBE NEWSWIRE) &#8212; Carrols Restaurant Group, Inc. (\u201cCarrols\u201d or the \u201cCompany\u201d) (Nasdaq: TAST) today announced that as a material inducement to enter into employment with the Company on\u00a0February 15, 2021, the Company granted an inducement award of 250,000 restricted shares of the Company\u2019s common stock (the \u201cInducement Award\u201d) to Carl Hauch, Vice President and Chief Operating Officer of the Company on March 12, 2021, which vests as follows: (a) 34% of the Inducement Award will vest on the first anniversary of the date of grant, (b) 33% of the Inducement Award will vest on the second anniversary of the date of grant and (c) 33% of the Inducement Award will vest on the third anniversary &hellip; Continue reading &quot;Carrols Restaurant Group, Inc. 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