Baldwin Granted Inducement Options
BOCA RATON, Fla.--(BUSINESS WIRE)-- Baldwin Technology Company, Inc. (NYSE Amex: BLD), a global leader in process automation technology for the print media industry, announced that it has previously granted certain stock options as an inducement to accepting employment with the Company to its President and CEO, Mark T. Becker and to its Vice President, CFO and Treasurer, Ivan R. Habibe as described below.
Effective October 1, 2010, the Company granted to Mr. Becker inducement stock options to purchase 200,000 shares of Class A Common Stock at an exercise price of $1.20 per share, which options are exercisable on or after October 1, 2011 and have an expiration date of October 1, 2020.
Effective April 4, 2011, the Company granted to Mr. Habibe inducement stock options to purchase 150,000 shares of Class A Common Stock at an exercise price of $1.61 per share, which options vest and become exercisable as to one-third the number of shares granted on each of the first, second and third anniversaries of the date of grant. The options granted to Mr. Habibe have an expiration date of April 4, 2021.
These stock option awards were previously reported in other public SEC (SCUR) filings and are included in this press release in accordance with a listing requirement of the NYSE Amex.
Baldwin Technology Company, Inc. is a leading international supplier of process automation equipment and related consumables for the print media industry. Baldwin offers its customers a broad range of market-leading technologies, products and systems that enhance the quality of printed products and improve the economic and environmental efficiency of the printing process. Headquartered in Boca Raton, Florida, the Company has operations strategically located in the major print media markets and distributes its products via a global sales and service infrastructure.
Baldwins cutting edge systems include UV and LED curing, IR drying, spray dampening, blanket, plate and web cleaning, fluid management, ink control, web press protection and related press consumables. Visit http://www.baldwintech.com for more information. A profile for investors is available at www.hawkassociates.com/profile/bld.cfm.
Baldwin Technology Company, Inc.
Helen P. Oster, 203-402-1004
Source: Baldwin Technology Company, Inc.Copyright Business Wire 2011