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[February 28, 2014]
BRIDGELINE DIGITAL, INC. FILES (8-K) Disclosing Entry into a Material Definitive Agreement, Financial Statements and Exhibits
(Edgar Glimpses Via Acquire Media NewsEdge) Item 1.01 Entry into a Material Definitive Agreement.
On February 24, 2014, Bridgeline Digital, Inc. entered into a Restricted Stock Agreement (the "Agreement") with those Directors of its Board of Directors who elected to be granted restricted stock of Bridgeline Digital, Inc. ("BLIN") in lieu of quarterly cash compensation for their respective service(s) as a Director on Bridgeline Digital Inc.'s Board of Directors.
The material terms and conditions of the Agreement include the award date, the price of the restricted stock, and the vesting schedule. The award was calculated by using the closing price of BLIN common stock, as reported by the NASDAQ Capital Markets on February 24, 2014, and then dividing the cash equivalent by that amount. The total amount of restricted shares granted is 56,897 of common stock.
A copy of the Agreement will be included as an exhibit to the Company's Form 10-Q. The foregoing description of the exhibit does not purport to be complete and is qualified in its entirety by reference to the full text of such document, which is incorporated by reference.
Item 9.01 Financial Statements and Exhibits.
Exhibit Number Description 10.1 Form of Restricted Stock Agreement by and between Bridgeline Digital, Inc. and certain Board of Directors.
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