Company Website:
http://www.beaerospace.com
WELLINGTON, Fla. -- (Business Wire)
B/E Aerospace, Inc. (NASDAQ: BEAV), the world’s leading manufacturer of
aircraft cabin interior products and the world’s leading provider of
aerospace fasteners, consumables and logistics services, today announced
an inducement grant under NASDAQ Listing Rule 5635(c)(4).
As previously announced, Joseph T. Lower joined B/E Aerospace, Inc.
(“B/E Aerospace” or the “Company”) as Vice President, Finance, effective
November 1, 2014. Mr. Lower will be appointed Vice President and Chief
Financial Officer of B/E Aerospace upon the effectiveness of the
separation of KLX Inc. from B/E Aerospace. As an inducement for Mr.
Lower to accept employment with B/E Aerospace, effective November 1,
2014, Mr. Lower was awarded a grant of 30,894 shares of restricted stock
that are intended to qualify as an inducement grant pursuant to the
NASDAQ Listing Rules. Of this grant, 14,775 shares will vest on each of
November 1, 2015 and November 1, 2016, and 1,344 shares will vest on
November 1, 2017. As is customary, any outstanding unvested shares would
accelerate upon termination not for cause (as defined), for good reason
(as defined), upon a change of control, or upon Mr. Lower’s death,
incapacity or disability.
About B/E Aerospace, Inc.
B/E Aerospace is the world’s leading manufacturer of aircraft cabin
interior products and the world’s leading provider of aerospace
fasteners, consumables and logistics services. B/E Aerospace designs,
develops and manufactures a broad range of products for both commercial
aircraft and business jets. B/E Aerospace manufactured products include
aircraft cabin seating, lighting systems, oxygen systems, food and
beverage preparation and storage equipment, galley systems, and modular
lavatory systems. The Company also provides cabin interior
reconfiguration, program management and certification services. The
Company provides aerospace fasteners, consumables and logistics services
as well as oilfield services and associated rental equipment. B/E
Aerospace sells and supports its products through its own global direct
sales and product support organization. For more information, visit the
B/E Aerospace website at www.beaerospace.com.
Contacts:
B/E Aerospace, Inc.
Greg Powell, 561-791-5000 ext. 1450
Vice
President, Investor Relations
Source: B/E Aerospace, Inc.
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