Quarterly report pursuant to Section 13 or 15(d)

Subsequent Events

v3.22.0.1
Subsequent Events
9 Months Ended
Dec. 31, 2021
Subsequent Events [Abstract]  
Subsequent Events

 

Note 13. 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.