News Spotlight: The Hain Celestial Group, Inc. (NASDAQ:HAIN) accepts an inducement award for a new employee

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The Hain Celestial Group, Inc. (NASDAQ:HAIN) changed -1.48% to recent value of $23.94. The stock transacted 1727257 shares during most recent day however it has an average volume of 1729.11K shares. It spotted trading -24.07% off 52-week high price. On the other end, the stock has been noted 65.67% away from the low price over the last 52-weeks.

The Hain Celestial Group, Inc. (NASDAQ:HAIN) declared that the independent Compensation Committee of the Company’s Board of Directors approved an inducement award for a new employee, Kevin McGahren, Executive Vice President, and President North America, who will be responsible for leading Hain Celestial’s teams in North America including marketing and research and development (the “Inducement Award”).

The Inducement Award was granted on May 15, 2019 under The Hain Celestial Group, Inc. 2019 Equity Inducement Award Program, which was approved by the Company’s Board of Directors on February 15, 2019 and provides for the granting of equity awards to new employees of the Company.  The Inducement Award was granted as an inducement material to Mr. McGahren’s acceptance of employment with the Company, in accordance with NASDAQ Listing Rule 5635(c)(4).

Mr. McGahren will receive an inducement award of 213,390 Performance Share Units (“PSUs”) intended to represent long-term incentive opportunities for fiscal years 2019 to 2021.  The total shares earned pursuant to the Inducement Award shall range from 0 to 213,390 based upon the Company’s achievement of certain pre-established performance goals with respect to compound annual total shareholder return over the three-year period beginning on November 6, 2018, aligned with the inducement award granted to Mark. L Schiller, President and Chief Executive Officer, in connection with his hire.

HAIN has a gross margin of 19.70% and an operating margin of 0.00% while its profit margin remained -10.00% for the last 12 months. Its earnings per share (EPS) expected to touch remained -1.80% for this year while earning per share for the next 5-years is expected to reach at -3.78%.

The company has 104.3M of outstanding shares and 101.28M shares were floated in the market. According to the most recent quarter its current ratio was 2.2 that represents company’s ability to meet its current financial obligations. The price moved ahead of 5.39% from the mean of 20 days, 6.14% from mean of 50 days SMA and performed 5.71% from mean of 200 days price. Company’s performance for the week was 4.63%, 6.40% for month and YTD performance remained 50.95%.

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Sebastian  Power
Sebastian Power also covers the financial news across all market sectors. He also has an enormous knowledge of stock market. Sebastian holds an MBA degree from University of Florida. He has more than 10 years of experience in writing financial and market news. He previously worked at a number of companies in different role including web developer, software engineer and product manager. He currently covers financial news section for our site. Address: 4658 Columbia Road, Wrangle Hill, Delaware Phone number: 302-838-9976 Email: SebastianPower@thepostwired.com 
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