MINNEAPOLIS--(BUSINESS WIRE)--Arctic Cat Inc. (NASDAQ: ACAT) announced that as a material inducement for Christopher T. Metz, who joined the company on December 3, 2014 as president and chief executive officer, to enter into employment with the company, the independent Compensation and Human Resources Committee and Board of Directors approved equity grants to Metz effective as of his employment date. The inducement equity grants consist of options to purchase 151,837 shares of the company’s common stock and 60,734 restricted stock units, each of which will vest in equal installments on the first, second and third anniversaries of the employment date. The inducement equity grant was made pursuant to NASDAQ Marketplace Rule 5635(c)(4).
About Arctic Cat
Arctic Cat Inc. designs, engineers, manufactures and markets all-terrain vehicles (ATVs), side-by-sides and snowmobiles under the Arctic Cat® brand name, as well as related parts, garments and accessories. Its common stock is traded on the NASDAQ Global Select Market under the ticker symbol “ACAT.” More information about Arctic Cat and its products is available at www.arcticcat.com.