HANOVER, Md., April 12, 2016 (GLOBE NEWSWIRE) — The KEYW Corporation, a wholly-owned subsidiary of The KEYW Holding Corporation (NASDAQ:KEYW), announced today the addition of John D. Johns as Vice President of Business Development and Account Executive for National Agencies. Mr. Johns has more than 25 years of experience in strategic business development in the international commercial, government and intelligence markets and has received wide recognition and awards for superior business development performance in both publicly and privately held corporations.
Prior to joining KEYW, Mr. Johns held executive and senior business development roles at WIKISTRAT and A-T Solutions. Prior to A-T solutions, Mr. Johns held the position of Vice President of Business Development for Six3 Systems with a focus on five national level agencies in the U.S Intelligence Community. Before Six3, Mr. Johns was an Executive Director for Business Development at CACI, where he earned The Pinnacle Award, the highest recognition for business development contribution and success. Mr. Johns’ business development expertise includes advanced cyber programs, biometrics, counterintelligence, and human and signal intelligence programs.
“With the addition of John Johns, KEYW has added another industry-best business developer with a track record of success in the national agency segment of the Intelligence Community,” commented Bill Weber, President and CEO of KEYW. “KEYW is well on its way to building out a best-in-class business development capability to match our best-in-class technology, so the focus of the team can begin shifting from build mode to execution mode. I remain highly enthusiastic about the growth opportunity for KEYW as we now match our unique technology and business development expertise with the unmet needs across the Intelligence Community.”
“KEYW possesses both the scale and technology capabilities to address the end-to-end mission needs of Intelligence Community customers, and in the mid-tier defense industrial base, KEYW stands apart with its breadth and depth of capability,” commented John D. Johns, Vice President for National Agencies. “I am very excited to be joining KEYW to take these solutions to a broader market and play a part to driving the next phase of growth for the company.”
In connection with Mr. Johns’ appointment, KEYW entered into an employment agreement with Mr. Johns, which provides for grants of inducement equity awards outside of KEYW’s Amended and Restated 2013 Stock Incentive Plan, in accordance with NASDAQ Listing Rule 5635(c)(4). The agreement and grants were authorized by both the Compensation Committee of KEYW’s Board of Directors and the Board of Directors as inducements material to Mr. Johns entering into employment with KEYW. The inducement grants, which are issuable upon commencement of Mr. Johns’ employment, include up to an aggregate of 30,000 shares of KEYW’s common stock as a long-term incentive inducement that will be granted during the five-year period following commencement of Mr. Johns’ employment, in the amounts set forth below, provided KEYW’s stock price exceeds the applicable target share prices set forth below for at least 30 consecutive trading days:
|Target Price Per Share||Long-Term Incentive Shares|
These long-term incentive shares will be subject to a two-year holding period following the grant date. The granting and vesting of the inducement shares will be contingent upon Mr. Johns’ continued employment with KEYW, subject to acceleration upon certain events.
Forward-Looking Statements: Statements made in this press release that are not historical facts constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements containing the words “estimates,” “believes,” “anticipates,” “plans,” “expects,” ‘will,” “potential,” “opportunities,” and similar expressions. Our actual results, performance or achievements or industry results may differ materially from those expressed or implied in these forward-looking statements, including, but not limited to, express or implied statements concerning: our expectations regarding our future financial performance, including the potential impact of successful contract awards; our bid and proposal pipeline; our ability to achieve projected growth in certain of our business units and the expected timing of such growth; demand for our products, services and solutions serving the intelligence, cyber and counterterrorism communities; and performance of key contracts, including the timing of production related to certain of our contracts and product offerings. Factors that may cause our results to differ, potentially materially, from those expressed or implied in our forward-looking statements include, but are not limited to: risks to our business and financial results related to reductions and other spending constraints imposed on the U.S. Government, including as a result the Federal budget deficit and Federal government shut-downs; risks of adverse regulatory action or litigation; risks that changes, cutbacks or delays in spending by Intelligence Community (IC) customers, including the National Security Agency (NSA), the National Geospatial-Intelligence Agency (NGA), and other agencies within the IC, the Federal Bureau of Investigation, and the Department of Defense (DoD) may occur, which could cause delays or cancellations of key government contracts; risks of delays to or the cancellation of our projects as a result of protest actions submitted by our competitors; risks that changes may occur in Federal government (or other applicable) procurement laws, regulations, policies and budgets; risks related to changes in government and customer priorities and requirements (including cost-cutting initiatives, the potential deferral of awards, terminations or reduction of expenditures to respond to the priorities of Congress and the Administration; and those risk factors set forth in our Annual Report on Form 10-K, dated and filed March 16, 2018 with the Securities and Exchange Commission (SEC), and other filings that we make with the SEC from time to time. Due to such uncertainties and risks, investors are cautioned not to place undue reliance on such forward-looking statements. We are under no obligation to (and expressly disclaims any such obligation to) update or alter our forward-looking statements whether as a result of new information, future events or otherwise.
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