ATLANTA, Aug. 13, 2018 (GLOBE NEWSWIRE) -- PRGX Global, Inc. (Nasdaq: PRGX), a global leader in Recovery Audit and Spend Analytics services, today announced that Anis Hadj-Taieb has been named Vice President - Global Retail Sales & Business Development, responsible for leading the global retail sales teams. Prior to joining the Company, Mr. Hadj-Taieb served as Senior Vice President, Retail, for Eversight, Inc. Eversight provides cloud-based solutions built on predictive machine learning and data science technologies for retailers and consumer goods manufacturers. Mr. Hadj-Taieb was responsible for developing the retail business and selling the Eversight solutions. Prior to Eversight, Mr. Hadj-Taieb held a number of senior roles for several highly respected companies, including Revionics, Inc., a global leader in pricing optimization solutions, Infor Global Solutions, Inc., Oracle Corporation, ProfitLogic, Inc., Temposoft SA, and Schlumberger.
“Anis’s extensive knowledge of retail and technology will be a huge asset to our Company and our stakeholders, and we are excited to have him join the team,” said Ron Stewart, President and Chief Executive Officer.
In connection with his employment, on August 7, 2018, the Company granted equity awards to Mr. Hadj-Taieb, including 6,557 shares of restricted stock, 9,836 performance-based restricted stock units (PBUs), and options to purchase 70,000 shares of the Company's common stock. The restricted stock and options will vest in equal one-third increments on each of August 7, 2019, August 7, 2020 and August 7, 2021, subject to Mr. Hadj-Taieb’s continued employment with the Company. The options have an exercise price of $9.15. The PBUs vest and become payable based on cumulative revenue from continuing operations, cumulative revenue from adjacent services, and cumulative adjusted EBITDA from continuing operations, in each case, that the Company achieves for the two-year performance period ending December 31, 2019, subject to Mr. Hadj-Taieb’s continued employment with the Company. The terms of the PBUs were consistent with the terms of the PBUs granted to comparable Company leaders on May 29, 2018. The restricted stock, options and PBUs also vest in full in the event of a change in control of the Company, provided Mr. Hadj-Taieb remains continuously employed by the Company until such event.
The grants were approved by the compensation committee of the Company's board of directors, which the committee is comprised solely of independent directors, and were granted as an inducement material to Mr. Hadj-Taieb entering into employment with the Company in accordance with Nasdaq Listing Rule 5635(c)(4).
About PRGX
PRGX Global, Inc. is a global leader in Recovery Audit and Spend Analytics services. With over 1,500 employees, the Company serves clients in more than 30 countries and provides its services to 75% of the top 20 global retailers and over 25% of the top 50 companies in the Fortune 500. PRGX delivers more than $1 billion in cash flow improvement for its clients each year. The creator of the recovery audit industry more than 40 years ago, PRGX continues to innovate through technology and expanded service offerings. In addition to Recovery Audit, the Company provides Contract Compliance, Spend Analytics and Supplier Information Management services to improve clients’ financial performance and manage risk. For additional information on PRGX, please visit www.prgx.com.
