"We are delighted to have Robby join PRGX and lead our marketing team. His expertise in product management and marketing will be a significant asset to PRGX," said Sal DePrima, Senior Vice President - Growth and Market Development.
In connection with Mr. Gulri's employment, on August 3, 2016, the Company granted an equity award to Mr. Gulri consisting of 10,000 performance-based restricted stock units (PBUs). The PBUs vest and become payable based on revenue from continuing operations and the cumulative adjusted EBITDA from continuing operations that the Company achieves for the two year performance period ending
The grants were approved by the compensation committee of the Company's board of directors, which committee is comprised solely of independent directors, and were granted as an inducement material to
About PRGX
Forward-Looking Statements
In addition to historical information, this press release includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include both implied and express statements regarding the Company's overall condition and growth prospects, the Company's execution of its transformation strategy, and the Company's investments in, and opportunities associated with, its growth platforms, including its supplier information services business. Such forward-looking statements are not guarantees of future performance and are subject to risks,
uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from the historical results or from any results expressed or implied by such forward-looking statements. Risks that could affect the Company's future performance include revenue that does not meet expectations or justify costs incurred, the Company's ability to develop material sources of new revenue in addition to revenue from its core recovery audit services, changes in the market for the Company's services, the Company's ability to retain and attract qualified personnel, the Company's ability to integrate recent and future acquisitions, uncertainty in the credit markets, the Company's ability to maintain compliance with its financial covenants, client bankruptcies, loss of major clients, and other risks generally applicable to the Company's business. For a
discussion of other risk factors that may impact the Company's business, please see the Company's filings with the
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CONTACT:Source:PRGX Global, Inc. Sal DePrima , SVP - Growth & Market Development 770.779.3900600 Galleria Parkway , Suite 100Atlanta, GA 30339
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