LSI Industries Inc. reports news on its commercial lighting and display solutions business, including financial results, cash dividends, acquisition activity and customer project demand across retail and other multi-site markets. The company manufactures non-residential indoor and outdoor lighting, lighting controls, print and digital graphics, signage, menu board systems, refrigerated, heated and custom displays.
Recurring updates also cover LSI's Lighting and Display Solutions segments, project management services for large-scale product rollouts, and the combined platform capabilities added through the completed Royston Group acquisition. News commonly links operating performance to branding, remodel and new-build programs for petroleum and convenience stores, quick-service restaurants, grocery, automotive and other commercial customers.
LSI Industries Inc. (NASDAQ: LYTS) announced the grant of inducement awards, including performance stock unit awards, restricted stock unit awards, and stock options, to five new employees acquired from EMI Industries, The awards are under the terms of LSI's 2019 Omnibus Award Plan, approved by the Compensation Committee, and subject to NASDAQ Listing Rule 5635(c)(4). The awards have varying vesting periods based on continued employment, EBITDA, and revenue performance goals.
LSI Industries Inc. (LYTS) granted an inducement stock option to Mark Duato, Senior Vice President of Security Solutions, under NASDAQ Listing Rule 5635(c)(4). The option allows him to purchase up to 25,000 shares of the Company's common stock at $15.01 per share, with full vesting on the third anniversary of the grant.
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