Perficient (PRFT) just unveiled an announcement.
Jeffrey S. Davis has stepped down as the Executive Chairman of the Company but will retain his role as the non-executive Chairman of the Board. Concurrently, the Board has revised the terms of Davis’s restricted stock awards, ensuring they continue to vest while he serves on the Board and providing for accelerated vesting under certain conditions such as change in control or his departure from the Board due to death, disability, or not being re-elected. Additionally, Perficient has shared a presentation on its Q4 financial results and operating metrics on its website, which is also attached to their recent Form 8-K report.
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