Subsequent Events |
9 Months Ended | ||
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Dec. 31, 2021 | |||
| Subsequent Events [Abstract] | |||
| Subsequent Events |
Option Grants
On January 14, 2022, the Company awarded stock options to certain executive officers, directors and employees of the Company. The grant was part of the annual company-wide grant to all employees in recognition of their services. The exercise price of the options is based on the closing price of our common stock of $4.60 per share on January 14, 2022, and the options vest in three equal tranches on the first, second and third anniversary of the grant date. All options vest upon change of control. Any unvested options will expire if the employment of the respective executive terminates prior to the vesting date. Each director and each of the following executive officers received 30,000 options each: Amy Trombly, Chief Executive Officer, Jerry Dvonch, Chief Financial Officer, and Bruce Thornton, Chief Operations Officer.
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- References No definition available.
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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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