DTS, Inc. (NASDAQ: DTSI) board of directors compensation committee has approved equity award grants to two new employees, under the DTS, Inc. 2014 new employee incentive plan, granted as inducement material to the new employees entering into employment with DTS in accordance with NASDAQ listing rule 5635(c)(4), the company said.
The two employees were granted restricted stock units representing a total of 1,370 shares of common stock. The restricted stock units will vest in four equal annual installments beginning on May 15, 2017. In each case, the vesting of shares is contingent upon the individual´s continued employment with DTS through each vesting date.
DTS, Inc. offers audio solutions for mobile devices, home theater systems, cinemas, automotive and beyond. DTS technology is integrated in more than two billion devices globally.