{"id":456833,"date":"2021-03-12T09:18:30","date_gmt":"2021-03-12T14:18:30","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=456833"},"modified":"2021-03-12T09:18:30","modified_gmt":"2021-03-12T14:18:30","slug":"smart-global-holdings-reports-inducement-grant-under-nasdaq-listing-rule-5635c4","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/smart-global-holdings-reports-inducement-grant-under-nasdaq-listing-rule-5635c4\/","title":{"rendered":"SMART Global Holdings Reports Inducement Grant Under Nasdaq Listing Rule 5635(c)(4)"},"content":{"rendered":"

<\/p>\n

SMART Global Holdings Reports Inducement Grant Under Nasdaq Listing Rule 5635(c)(4)<\/b><\/p>\n

NEWARK, Calif.–(BUSINESS WIRE<\/a>)–SMART Global Holdings, Inc.<\/a> (\u201cSGH\u201d, \u201cSMART\u201d or the \u201cCompany\u201d) (Nasdaq: SGH) today announced the grant of an inducement award to Thierry Pellegrino in connection with his commencement of employment on March 8, 2021 as Senior Vice President and President of the Company\u2019s Specialty Computing business. The independent Compensation Committee of the Board of Directors of SGH approved the grant to Mr. Pellegrino, as of March 8, 2021, of time-based restricted share units with respect to 34,009 ordinary shares of the Company.\n<\/p>\n

\nThe awards have been granted to Mr. Pellegrino as an inducement material to his entering into employment with the Company group in accordance with Rule 5635(c)(4) of the Nasdaq Listing Rules. The awards are granted under the SMART Global Holdings, Inc. 2021 Inducement Plan, which was adopted by the Company\u2019s Board of Directors effective as of February 15, 2021 and which authorizes equity awards outside of the shareholder-approved SMART Global Holdings, Inc. Amended and Restated 2017 Share Incentive Plan to provide inducements for certain individuals to enter into employment with the Company and its subsidiaries.\n<\/p>\n

\nThe restricted share units will vest over approximately four years, with 25% vesting on April 20, 2022 and the remaining 75% vesting in equal quarterly installments thereafter, subject to Mr. Pellegrino\u2019s continued employment. Other terms of the award are set forth in the 2021 Inducement Plan and the applicable award agreement covering such award.\n<\/p>\n

About SMART Global Holdings<\/strong>\u2013 SGH<\/strong><\/p>\n

\nSGH is comprised of business units that are leading designers and manufacturers of electronic products focused on computing, memory and LED lighting technologies. These businesses specialize in application-specific product development and support for customers in enterprise, government and OEM sales channels.\n<\/p>\n

\nCustomers rely on SGH businesses as their strategic suppliers providing exceptional customer service, product quality, and technical support with engineering, sales, manufacturing, supply chain and logistics capabilities that span the globe. SGH\u2019s businesses support customers in communications, storage, networking, mobile, industrial automation, IoT and industrial IoT, government, military, computing including edge and high performance computing, and LED lighting markets. SGH businesses operate in three primary areas: specialty computing, specialty memory products including Brazil, and LED lighting.\n<\/p>\n

\nFor more information about SGH<\/a> business units, visit: SMART Modular Technologies<\/a>; SMART Embedded Computing<\/a>; SMART Wireless Computing<\/a>; SMART Supply Chain Services<\/a>; Penguin Computing<\/a>; Cree LED<\/a>.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210312005112\/en\/<\/a><\/span><\/p>\n

Investor Contact:
\n<\/b>
Suzanne Schmidt
\n
Investor Relations for SMART Global Holdings, Inc.
\n
+1 (510) 360-8596
\n
ir@smart.com<\/a><\/p>\n

PR Contact:
\n<\/b>
Maureen O\u2019Leary, Marketing
\n
SMART Modular Technologies
\n
+1 (602) 330-6846
\n
maureen.o\u2019leary@smartm.com<\/a><\/p>\n

KEYWORDS:<\/b> United States North America California<\/p>\n

INDUSTRY KEYWORDS:<\/b> Technology Mobile\/Wireless Semiconductor Engineering Other Technology Manufacturing Hardware Electronic Design Automation Data Management<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

SMART Global Holdings Reports Inducement Grant Under Nasdaq Listing Rule 5635(c)(4) NEWARK, Calif.–(BUSINESS WIRE)–SMART Global Holdings, Inc. (\u201cSGH\u201d, \u201cSMART\u201d or the \u201cCompany\u201d) (Nasdaq: SGH) today announced the grant of an inducement award to Thierry Pellegrino in connection with his commencement of employment on March 8, 2021 as Senior Vice President and President of the Company\u2019s Specialty Computing business. The independent Compensation Committee of the Board of Directors of SGH approved the grant to Mr. Pellegrino, as of March 8, 2021, of time-based restricted share units with respect to 34,009 ordinary shares of the Company. The awards have been granted to Mr. Pellegrino as an inducement material to his entering into employment with the Company group in accordance with Rule 5635(c)(4) … <\/p>\n

Continue reading “SMART Global Holdings Reports Inducement Grant Under Nasdaq Listing Rule 5635(c)(4)”<\/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-456833","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nSMART Global Holdings Reports 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\/smart-global-holdings-reports-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=\"SMART Global Holdings Reports Inducement Grant Under Nasdaq Listing Rule 5635(c)(4) - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"SMART Global Holdings Reports Inducement Grant Under Nasdaq Listing Rule 5635(c)(4) NEWARK, Calif.–(BUSINESS WIRE)–SMART Global Holdings, Inc. (\u201cSGH\u201d, \u201cSMART\u201d or the \u201cCompany\u201d) (Nasdaq: SGH) today announced the grant of an inducement award to Thierry Pellegrino in connection with his commencement of employment on March 8, 2021 as Senior Vice President and President of the Company\u2019s Specialty Computing business. The independent Compensation Committee of the Board of Directors of SGH approved the grant to Mr. Pellegrino, as of March 8, 2021, of time-based restricted share units with respect to 34,009 ordinary shares of the Company. The awards have been granted to Mr. Pellegrino as an inducement material to his entering into employment with the Company group in accordance with Rule 5635(c)(4) … Continue reading "SMART Global Holdings Reports Inducement Grant Under Nasdaq Listing Rule 5635(c)(4)"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/smart-global-holdings-reports-inducement-grant-under-nasdaq-listing-rule-5635c4\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-12T14:18:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20210312005112r1&sid=flmnd&distro=nx&lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/smart-global-holdings-reports-inducement-grant-under-nasdaq-listing-rule-5635c4\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/smart-global-holdings-reports-inducement-grant-under-nasdaq-listing-rule-5635c4\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"SMART Global Holdings Reports Inducement Grant Under Nasdaq Listing Rule 5635(c)(4)\",\"datePublished\":\"2021-03-12T14:18:30+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/smart-global-holdings-reports-inducement-grant-under-nasdaq-listing-rule-5635c4\\\/\"},\"wordCount\":461,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/smart-global-holdings-reports-inducement-grant-under-nasdaq-listing-rule-5635c4\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20210312005112r1&sid=flmnd&distro=nx&lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/smart-global-holdings-reports-inducement-grant-under-nasdaq-listing-rule-5635c4\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/smart-global-holdings-reports-inducement-grant-under-nasdaq-listing-rule-5635c4\\\/\",\"name\":\"SMART Global Holdings Reports Inducement Grant Under Nasdaq Listing Rule 5635(c)(4) - 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