NexCen Amends Stock Option Plans

Brand management company NexCen Brands has made several changes to its stock option agreements with a range of current and former employees, the company reported to the Securities and Exchange Commission.

NexCen extended the stock option exercise period to Dec. 31, 2009 for former cfo David Meister, who left the company in March, and for former evp brand management and licensing Chuck Zona, who stepped down as the company restructured in May.

Also, Zona and NexCen shifted some options rights; under the new agreement Zona will surrender most of his 2006 hiring agreement shares, while a second, smaller set of shares granted in March 2008 will be fully vested. NexCen will also loosen his non-compete covenant.

Kenneth Hall, who was hired as cfo in March, is granted 250,000 options in a new agreement, and NexCen grants a total of 528,000 options to 25 key employees, under identical conditions to the Hall options. These shares have an exercise price of 41 cents per share and a 10-year term, and vest in four equal installments through June 24, 2009.

Home & Textiles Today Staff | News & Commentary

 Home Textiles Today is the market-leading brand covering the home and textiles markets, offering a comprehensive package of print and online products. Home & Textiles Today provides industry news, product trends and introductions, exclusive industry research, consumer data, store operations solutions, trade show news and much more.

Featured Video

  • 1200 Suppliers are Ready for You at Intertextile Shanghai

    Camera Icon More Videos

Subscribe to
Home & Textiles Today eDaily
Receive the news you need to know about the trends in the industry delivered right to your inbox.


HTT August 2017

See the August 2017 issue of Home & Textiles Today. In this issue, we look at the Top 50 Retailing Giants Report, plus Manufacturing: Made in the USA gaining ground; International: Portugal ramping up exports; New products: NY Now home textiles introductions; Outlook: Commentary from H&TT's editors; and Planning: Trade show calendar.

See details!