On Assignment, Inc. (NYSE:ASGN) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

ME Staff 8-k
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On Assignment, Inc. (NYSE:ASGN) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(c) Theodore S. Hanson, Executive Vice President of On Assignment, Inc. (the “Company”) and President of Lab Support, LLC (“Lab Support”), a subsidiary of the Company, was promoted to the position of President of the Company on December 30, 2016. As President, he will be responsible for overseeing our business operations and supporting our strong high-performance culture. In connection with the promotion, effective January 1, 2017, Mr. Hanson will receive a base salary of $600,000, subject to approval of the 2017 budget by the Board of Directors, and a target cash incentive bonus of 75 percent of his base salary and maximum cash incentive bonus opportunity of an additional 75 percent of his base salary for a total opportunity of 150 percent of base salary. Further, Mr. Hanson is receiving an annual RSU grant with a value of approximately $1.3 million today. The grant is fully performance-based over three years, and the structure and vesting is comparable to his prior annual equity grants.

About On Assignment, Inc. (NYSE:ASGN)

On Assignment, Inc. is a provider of professionals in the technology, life sciences and creative sectors. The Company matches people into positions for contract, contract-to-hire and direct hire assignments. Its operating segments include the Apex Segment and the Oxford Segment. The Apex Segment provides a spectrum of technical and scientific professionals for contract, contract-to-hire and permanent placement positions to Fortune 1000 and mid-market clients across the United States. The Apex Segment businesses serve markets with a large and local pool, and provide a range of skills through a network of local offices. The Apex segment businesses include Apex Systems, LLC (Apex Systems), Lab Support, LLC (Lab Support) and Creative Circle, LLC (Creative Circle). The Oxford Segment provides staffing and consulting services in select skill and geographic markets, and its businesses include Oxford Global Resources, LLC (Oxford), CyberCoders, Inc. (CyberCoders) and Life Sciences Europe.

On Assignment, Inc. (NYSE:ASGN) Recent Trading Information

On Assignment, Inc. (NYSE:ASGN) closed its last trading session up +0.56 at 45.14 with 314,989 shares trading hands.