electroCore Welcomes New VP of HR with Inducement Grant
electroCore Announces Leadership Addition
ROCKAWAY, N.J. — electroCore, Inc. (NASDAQ: ECOR), recognized for its pioneering work in bioelectronic medicine, recently made an exciting announcement. The company revealed that Jennifer Hayes will be joining its team as Vice President of Human Resources and Employee Success, starting on October 6, 2025. This strategic appointment underscores electroCore's commitment to strengthening its leadership and enhancing employee engagement.
Stock Inducement Grant Details
To mark this significant transition, the Compensation Committee of electroCore’s Board of Directors has granted Ms. Hayes 10,000 restricted stock units (RSUs). These RSUs are provided as an inducement essential to her employment and in accordance with NASDAQ Listing Rule 5635(c)(4). Such inducements not only reflect the company’s strong belief in her potential contributions but also align employee interests with the growth and success of the firm.
Understanding the Inducement Mechanism
One-third of the RSUs awarded to Hayes will vest on each of the first three anniversaries following the grant date, contingent upon her continued employment with electroCore. This vesting schedule is designed to motivate long-term commitment, ensuring that employees are rewarded as they contribute to the company's objectives over time. Upon vesting, the RSUs will be convertible into shares of the Company’s common stock, enhancing employee ownership and involvement in the company's future performance.
About electroCore, Inc.
electroCore, Inc. stands at the forefront of bioelectronic medicine, dedicating its efforts to advancing health and improving quality of life through groundbreaking non-invasive technologies. The company produces two prominent prescription products: gammaCore, which employs non-invasive vagus nerve stimulation (nVNS) to manage chronic pain, and the Quell neurostimulator, known for its effective neuromodulation technology.
Innovative Product Range
In addition to its prescription solutions, electroCore markets handheld and personal use products like Truvaga and TAC-STIM nVNS. These innovations leverage bioelectronic technologies to foster general wellness and peak human performance, showcasing the company's commitment to empowering individuals through cutting-edge technology.
Priorities for the Future
As electroCore continues to expand its product offerings and market influence, the appointment of industry veterans like Jennifer Hayes signals a thoughtful approach toward building a strong, engaged workforce. It reflects the company’s vision for a healthcare future that integrates technology with personal health enhancement. Through these efforts, electroCore aims to redefine wellness and pain management, ultimately leading to healthier lifestyles.
Frequently Asked Questions
What is the role of Jennifer Hayes at electroCore?
Jennifer Hayes will serve as the Vice President of Human Resources and Employee Success, focusing on enhancing workforce engagement and success.
What are restricted stock units (RSUs)?
RSUs are company shares awarded to employees as part of their compensation package, which vest over time based on continued employment.
How many RSUs were granted to Ms. Hayes?
Ms. Hayes was granted 10,000 RSUs as an inducement for her employment at electroCore.
What other products does electroCore offer?
electroCore offers gammaCore, Quell, Truvaga, and TAC-STIM, all designed to improve health through bioelectronic technology.
Why is the grant significant for electroCore?
This grant underscores electroCore's commitment to attracting top talent and aligning employee interests with the company's long-term growth.
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