HANOVER, Md., April 12, 2016 (GLOBE NEWSWIRE) — The KEYW Corporation, a wholly-owned subsidiary of The KEYW Holding Corporation (NASDAQ:KEYW), announced today the addition of John D. Johns as Vice President of Business Development and Account Executive for National Agencies. Mr. Johns has more than 25 years of experience in strategic business development in the international commercial, government and intelligence markets and has received wide recognition and awards for superior business development performance in both publicly and privately held corporations.
Prior to joining KEYW, Mr. Johns held executive and senior business development roles at WIKISTRAT and A-T Solutions. Prior to A-T solutions, Mr. Johns held the position of Vice President of Business Development for Six3 Systems with a focus on five national level agencies in the U.S Intelligence Community. Before Six3, Mr. Johns was an Executive Director for Business Development at CACI, where he earned The Pinnacle Award, the highest recognition for business development contribution and success. Mr. Johns’ business development expertise includes advanced cyber programs, biometrics, counterintelligence, and human and signal intelligence programs.
“With the addition of John Johns, KEYW has added another industry-best business developer with a track record of success in the national agency segment of the Intelligence Community,” commented Bill Weber, President and CEO of KEYW. “KEYW is well on its way to building out a best-in-class business development capability to match our best-in-class technology, so the focus of the team can begin shifting from build mode to execution mode. I remain highly enthusiastic about the growth opportunity for KEYW as we now match our unique technology and business development expertise with the unmet needs across the Intelligence Community.”
“KEYW possesses both the scale and technology capabilities to address the end-to-end mission needs of Intelligence Community customers, and in the mid-tier defense industrial base, KEYW stands apart with its breadth and depth of capability,” commented John D. Johns, Vice President for National Agencies. “I am very excited to be joining KEYW to take these solutions to a broader market and play a part to driving the next phase of growth for the company.”
In connection with Mr. Johns’ appointment, KEYW entered into an employment agreement with Mr. Johns, which provides for grants of inducement equity awards outside of KEYW’s Amended and Restated 2013 Stock Incentive Plan, in accordance with NASDAQ Listing Rule 5635(c)(4). The agreement and grants were authorized by both the Compensation Committee of KEYW’s Board of Directors and the Board of Directors as inducements material to Mr. Johns entering into employment with KEYW. The inducement grants, which are issuable upon commencement of Mr. Johns’ employment, include up to an aggregate of 30,000 shares of KEYW’s common stock as a long-term incentive inducement that will be granted during the five-year period following commencement of Mr. Johns’ employment, in the amounts set forth below, provided KEYW’s stock price exceeds the applicable target share prices set forth below for at least 30 consecutive trading days:
| Target Price Per Share | Long-Term Incentive Shares | |||
| $ | 13.00 | 3,750 | ||
| $ | 16.00 | 3,750 | ||
| $ | 20.00 | 7,500 | ||
| $ | 25.00 | 7,500 | ||
| $ | 30.00 | 7,500 | ||
These long-term incentive shares will be subject to a two-year holding period following the grant date. The granting and vesting of the inducement shares will be contingent upon Mr. Johns’ continued employment with KEYW, subject to acceleration upon certain events.
About KEYW
KEYW is a total solutions provider for the Intelligence Community’s toughest challenges. We support the collection, processing, analysis and dissemination of information across the full life cycle of the Intelligence Community’s mission. We employ and challenge the most talented professionals in the industry with solving such complex problems as preventing cyber threats, transforming data into intelligence, and combating global terrorism. For more information contact KEYW Corporation, 7740 Milestone Parkway, Suite 400, Hanover, Maryland 21076; Phone 443-733-1600; Fax 443-733-1601; E-mail investors@keywcorp.com; or on the Web at
Forward-Looking Statements: Statements made in this press release that are not historical facts constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include but are not limited to statements about our future expectations, plans and prospects, and other statements containing the words “estimates,” “believes,” “anticipates,” “plans,” “expect,” “will,” “potential,” “opportunities”, and similar expressions. Our actual results, performance or achievements or industry results may differ materially from those expressed or implied in these forward-looking statements. These statements involve numerous risks and uncertainties, including but not limited to those risk factors set forth in our Annual Report on Form 10-K, dated and filed March 15, 2016 with the Securities and Exchange Commission (SEC) as required under the Securities Act of 1934, and other filings that we make with the SEC from time to time. Due to such uncertainties and risks, readers are cautioned not to place undue reliance on such forward-looking statements. KEYW is under no obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise.
CONTACT: Contact: Chris Donaghey 443-733-1600
Source: GlobeNewswire