Applied Optoelectronics Announces Equity Grants To Employees Under Inducement Plan

Rhea-AI Summary

Applied Optoelectronics (NASDAQ: AAOI), a provider of fiber-optic network products, has announced equity inducement awards through its 2023 Equity Inducement Plan. The company granted 11,860 shares of common stock to 5 new employees on May 9, 2025. These awards, in the form of restricted stock units (RSUs), will vest over a four-year period, contingent on continued employment. The grants were made under Nasdaq Listing Rule 5635(c)(4), specifically designed for new hires who were not previously employed by the company.

SUGAR LAND, Texas, May 12, 2025 (GLOBE NEWSWIRE) -- Applied Optoelectronics, Inc. (NASDAQ: AAOI), a leading provider of fiber-optic access network products for the internet datacenter, cable broadband, telecom and fiber-to-the-home (FTTH) markets, today announced that the Compensation Committee of its Board of Directors granted inducement awards for 11,860 shares of common stock to 5 new employees, with a grant date of May 9, 2025, pursuant to the Applied Optoelectronics, Inc. 2023 Equity Inducement Plan (the “Inducement Plan”).

The Inducement Plan is used exclusively for the grant of equity awards to individuals who were not previously employees of Applied Optoelectronics, or following a bona fide period of non-employment, as an inducement material to such individuals’ entering into employment with Applied Optoelectronics, pursuant to Nasdaq Listing Rule 5635(c)(4).

The inducement awards are comprised of restricted stock units which vest over a four-year period, subject to the employee’s continued service on the applicable vesting dates. The restricted stock units are subject to the terms and conditions of the Inducement Plan and restricted stock unit agreements covering the grants.

About Applied Optoelectronics

Applied Optoelectronics Inc. (AOI) is a leading developer and manufacturer of advanced optical products, including components, modules and equipment. AOI's products are the building blocks for broadband fiber access networks around the world, where they are used in the internet datacenter, CATV broadband, telecom and FTTH markets. AOI supplies optical networking lasers, components and equipment to tier-1 customers in all four of these markets. In addition to its corporate headquarters, wafer fab and advanced engineering and production facilities in Sugar Land, TX, AOI has engineering and manufacturing facilities in Taipei, Taiwan and Ningbo, China. For additional information, visit www.ao-inc.com.

Investor Relations Contacts:

The Blueshirt Group, Investor Relations
Lindsay Savarese
+1-212-331-8417
ir@ao-inc.com

Fay Hofmann
+1-212-817-3938
ir@ao-inc.com

FAQ

How many shares did Applied Optoelectronics (AAOI) grant in its May 2025 inducement awards?

Applied Optoelectronics granted 11,860 shares of common stock in the form of restricted stock units to 5 new employees.

What is the vesting period for AAOI's May 2025 inducement awards?

The restricted stock units vest over a four-year period, subject to the employee's continued service on the applicable vesting dates.

What is the purpose of Applied Optoelectronics' 2023 Equity Inducement Plan?

The Inducement Plan is exclusively used to grant equity awards to new employees as an inducement for joining Applied Optoelectronics, in accordance with Nasdaq Listing Rule 5635(c)(4).

Which markets does Applied Optoelectronics (AAOI) serve with its fiber-optic products?

Applied Optoelectronics serves the internet datacenter, cable broadband, telecom, and fiber-to-the-home (FTTH) markets with its fiber-optic access network products.