Rosetta Stone Inc. (NYSE:RST) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Rosetta Stone Inc. (NYSE:RST) 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.

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On December 12, 2018, the Compensation Committee and the Board of Directors of the Company approved the following compensation adjustments in connection with the appointment of Messrs. Hulett and Gaehde as Co-Presidents of the Company, effective January 1, 2019.

Annual Base Salary

Name

Current Annual Base Salary ($)

Annual Base Salary Effective January 1, 2019 ($)

Nicholas C. Gaehde

315,000

375,000

Mathew N. Hulett

350,000

375,000

Target Annual Incentive Award Opportunity

Name

Current Target Annual Incentive

Target Annual Incentive Effective January 1, 2019

A. John Hass III

$1,000,000

$750,000

Nicholas C. Gaehde

60% of annual base salary

75% of annual base salary

Mathew N. Hulett

60% of annual base salary

75% of annual base salary

Target Long-Term Incentive Award Opportunity

Name

Current Target Long-Term Incentive ($)

Target Long-Term Incentive Effective January 1, 2019 ($)

A. John Hass III

1,000,000

750,000

It is expected that the Compensation Committee will consider for approval in February 2019 the Company’s 2019 annual incentive plan and long-term incentive plan in connection with the Company’s annual compensation process.

In addition, on January 2, 2019, Mr. Hulett will receive a grant of restricted stock with a value of $250,000 and Mr. Gaehde will receive a grant of restricted stock with a value of $50,000.Each grant will be converted into shares based on the Company’s closing stock price on January 2, 2019.Each grant will vest over four years, with 25% of the shares vesting on each anniversary of the grant date.

About Rosetta Stone Inc. (NYSE:RST)

Rosetta Stone Inc. (Rosetta Stone) offers personalized language and reading programs. The Company’s solutions are used by schools, businesses, government organizations and individuals around the world. Its segments include Enterprise & Education, which derives revenues from sales to educational institutions, corporations and government agencies worldwide, and Consumer, which derives revenue from sales to individuals and retail partners. Its cloud-based programs allow users to learn online or on-the-go via tablet or smartphone, whether in a classroom, corporate setting, or personal learning environment. Its Fit Brains business offers personalized brain training programs. The Company offers courses in over 30 languages across formats, including Web-based software subscriptions, digital downloads, mobile applications, and perpetual compact disc packages. It also offers a portfolio of technology-based learning products for personal use to the global consumer.

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