UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
−Removed: LSI Industries Inc.
−Removed: Nonqualified Deferred Compensation Plan (Amended and Restated as of December 30, 2019)
+Added: Effective February 4, 2020, the Compensation Committee of the Board of Directors granted inducement awards of stock options in accordance with NASDAQ Listing Rule 5635(c)(4) to Jeffrey Davis, the head of LSI sales and Brian Vincent, Chief Support Officer.
+Added: Davis was granted an inducement stock option to purchase up to 100,000 shares of the Company’s common stock.
+Added: The award was approved in connection with the commencement of his employment with the Company and has a ten-year term.
+Added: The option is exercisable at a price of $6.51 per share (the closing price on February 4, 2020) and will vest only if Mr.
+Added: Davis remains an employee of the Company for three years.
+Added: Vincent was granted an inducement stock option to purchase up to 50,000 shares of the Company’s common stock in connection with the commencement of his employment with the Company and has a ten-year term.
+Added: The option is exercisable at a price of $6.51 per share (the closing price on February 4, 2020), and one-third of the option will vest on each anniversary of the grant date.
+Added: The grants of such awards are exempt from registration pursuant to Section 4(2) of the Securities Act of 1933, as amended and/or Rule 701 promulgated pursuant to the Securities Act of 1933, as amended.
Certification of Principal Executive Officer required by Rule 13a-14(a)
8 unchanged sentences
101.PRE XBRL Taxonomy Extension Presentation Linkbase Document
−Removed: *Management compensatory agreement.
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
4 unchanged sentences
(Principal Financial Officer)
−Removed: February 6, 2020
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.