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Article: American Apparel Announces Further Details of $39 Million Employee Stock Grant.
- Article from:
- Business Wire
- Article date:
- January 3, 2008
CopyrightCOPYRIGHT 2008 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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* American Apparel to distribute 2.71 million shares of common stock to employees in conjunction with Form S-8 registration statement filing expected in mid-February
* Stock grant valued at approximately $39 million based on recent stock price
* About 4,000 employees expected to receive stock in unique employee stock program for the apparel industry
LOS ANGELES -- American Apparel Inc. (Amex: APP) has announced further details regarding the 2.71 million common shares to be issued to its employees under the 2007 Performance Equity Plan approved by shareholders on December 12, 2007. These shares are being allocated and issued pursuant to the ...