Wow never much action here on this threak on down days is there?
Don't mean to sound like a broken record on my beloved GLUU....but looks like executives are now getting their ducks in a row in anticipation of...something.
Looks to me like a buyout on the horizon.
Mr. de Masi
The Committee approved an amendment to Mr. de Masi's Executive Employment Agreement (the "de Masi Agreement"), dated as of January 4, 2010, with respect to the acceleration of his outstanding equity awards in the event of a "double trigger" termination. The de Masi Agreement, as amended, now provides that if Mr. de Masi's employment with Glu is terminated without Cause or as a result of an Involuntary Termination at any time within twelve months after a Change of Control, and Mr. de Masi delivers to Glu a signed general release of claims, then Mr. de Masi will receive, among other benefits, full acceleration of all of his then outstanding equity awards; the de Masi Agreement previously provided for acceleration of 50% of the shares originally subject to each of his outstanding and not fully vested equity awards. Except as provided above, the other terms of the de Masi Agreement remain the same.
Anyone else see it this way, or am I missing something big here?