EXA CORPORATION (NASDAQ:EXA) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item5.02. Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.
On June29, 2017, the Compensation Committee of our Board of
Directors awarded 38,000 time-vested restricted stock units under
the French Sub-plan of the Exa Corporation 2017 Stock Incentive
Plan, or the French Sub-plan, to Jean-Paul Roux, our Senior Vice
President, Global Aerospace, European Operations, who was
identified as a named executive officer in the definitive proxy
statement for our 2017 Annual Meeting of Stockholders. The
restricted stock units vest as follows: (i)50% of the restricted
stock units vest on the first anniversary of the date of grant,
and (ii)12.5% of the restricted stock units vest on each of
July6, 2018,October6, 2018,January6, 2019 and April6, 2019.
A copy of the form of Restricted Stock Unit Agreement
(time-based) adopted by our Board of Directors for use under the
French Sub-plan is attached hereto as Exhibit 99.1 and
incorporated herein by reference.
Item8.01 |
Other Events. |
A copy of the form of Restricted Stock Unit Agreement
(time-based) adopted by our Board of Directors for use under the
Exa Corporation 2017 Stock Incentive Plan is attached hereto as
Exhibit 99.2 and incorporated herein by reference.
Item9.01 |
Financial Statements and Exhibits |
(d) Exhibits.
| 99.1 |
Form of Restricted Stock Unit Agreement (time-based) for use under the French Sub-plan of the Exa Corporation 2017 Stock Incentive Plan. |
|
| 99.2 |
Form of Restricted Stock Unit Agreement (time-based) for use under the Exa Corporation 2017 Stock Incentive Plan. |
EXA CORP ExhibitEX-99.1 2 d419128dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 RESTRICTED STOCK UNIT AGREEMENT (Time Based French RSU Award) Granted by Exa Corporation Under the 2017 Stock Incentive Plan French Sub-plan Exa Corporation (the Company) hereby grants to the person named below (the Recipient) restricted stock units (Restricted Stock Units),…To view the full exhibit click here About EXA CORPORATION (NASDAQ:EXA)
Exa Corporation develops, sells and supports simulation software and services that manufacturers use in design and engineering processes. The Company focuses primarily on the ground transportation market, including manufacturers in the passenger vehicle, highway truck, off-highway vehicle and train markets, as well as their suppliers. Its product, PowerFLOW, is a software solution for simulating fluid flow problems, including aerodynamics, thermal management and aeroacoustics, or wind noise. PowerFLOW uses its Digital Physics technology that enables it to predict fluid flows. PowerFLOW directly simulates unpredictable turbulent scales. The PowerFLOW software suite includes the simulation engine and grid generation engine, along with pre- and post-processing software products. The software is delivered in client/server architecture, or through its cloud-based offering, ExaCLOUD. With the ExaCLOUD solution, various client features and functions are accessed through a Web browser.