Earthlink 2013 Annual Report Download - page 115
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Table of Contents
to the shareholder approval requirement of NASDAQ Listing Rule 5635(c). In connection with the closing, the Leadership and
Compensation Committee approved the EarthLink Holdings Corp. Stock Option Plan for Inducement Awards Relating to the
Acquisition of New Edge Holding Company. The Leadership and Compensation Committee then granted options to purchase 657,000
shares of our Common Stock to these New Edge employees in accordance with this plan. As of December 31, 2013
, 150,948 of these
options were outstanding. The options have an exercise price of $9.48 per share and vested 25 percent after 12 months and 6.25 percent
each quarter thereafter and are fully vested. The options have a term of 10 years.
Item 13. Certain Relationships and Related Transactions, and Director Independence.
Information regarding certain relationships and transactions between EarthLink and certain of our affiliates is set forth under the caption
"Executive Compensation—Leadership and Compensation Committee Interlocks and Insider Participation" and "Executive Compensation
—
Certain Relationships and Related Transactions" in our Proxy Statement referred to in Item 10 above or in a subsequent amendment to this
Annual Report on Form 10-K. Information regarding director independence is set forth under the caption "Corporate Governance—
Director
Independence" in our Proxy Statement referred to in Item 10 above or in a subsequent amendment to this Annual Report on Form 10-
K. Such
information is incorporated herein by reference.
Item 14. Principal Accounting Fees and Services.
Information regarding our principal accounting fees and services is set forth under the caption "Proposal 4—
Ratification of
Appointment of Independent Registered Public Accounting Firm" in our Proxy Statement referred to in Item 10 above or in a subsequent
amendment to this Annual Report on Form 10-K. Such information is incorporated herein by reference.
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