Propel Media Inc (PROM)

[db7]

best news in a long time imo:




Form 8-K for PROPEL MEDIA, INC.


22-May-2015

Change in Directors or Principal Officers



Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On May 20, 2015, John Quelch was appointed as a director of Propel Media, Inc. ("Propel").

John A. Quelch, C.B.E., D.B.A., has been the Charles Edward Wilson Professor of Business Administration at Harvard Business School and professor in Health Policy and Management at Harvard School of Public Health since February 2013. Between February 2011 and January 2013, Dr. Quelch served as Dean, Vice President and Distinguished Professor of International Management at the China Europe International Business School in Shanghai. From July 2001 through January 2011, he was professor and Senior Associate Dean at the Harvard Business School. From July 1998 through June 2001, he was Dean of the London Business School. Dr. Quelch also serves as a director of Luvo, a food company, and Alere Inc., a rapid diagnostics test company. Dr. Quelch served as a director of DataLogix from 2013 to 2015, of WPP plc from 1988 to 2013, of Pepsi Bottling Group from 2005 to 2010 and of Gentiva Health Services, Inc. from 2006 to 2009. Through his international business experience and academic credentials, Dr. Quelch brings to Propel's Board both industry and academic expertise in marketing and organizational management.

Upon the appointment of Dr. Quelch, Propel issued him an option to purchase an aggregate of 350,000 shares of Propel's common stock at an exercise price equal to $0.55 per share, which was the fair market value of the common stock on the date of grant, vesting over three years.

Propel also entered into its standard form of indemnification agreement with Dr. Quelch that provides customary indemnification rights.