Press Release Archive
Under the program, employees holding options to purchase Spherion common stock will be given an opportunity to exchange certain of their existing options, with exercise prices equal to or greater than $18.00 per share, for new options. Employees will receive one new option for every 2 1/2 eligible options surrendered. The new options, which will be granted on
Spherion President and CEO Cinda A. Hallman commented, “Employee incentive programs play an important role in achieving the Company's business transformation initiatives. The stock option exchange will enable better utilization of our authorized options to provide enhanced employee attraction and incentive programs. We believe this will have a positive impact on our long-term success and thereby enhance shareholder value.”
Spherion Corporation provides Recruitment, Outsourcing and Technology services. Founded in 1946, with operations in the ,
This release contains statements that are forward looking in nature and, accordingly, are subject to risks and uncertainties. These forward looking statements include statements regarding the impact of the exchange program on our success and shareholder value. Factors that could cause our anticipated results of the exchange program to differ from our current expectations include our ability to provide enhanced employee attraction and incentive programs.