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CHARLES & COLVARD LTD FILES (8-K) Disclosing Change in Directors or Principal Officers
[August 27, 2014]

CHARLES & COLVARD LTD FILES (8-K) Disclosing Change in Directors or Principal Officers


(Edgar Glimpses Via Acquire Media NewsEdge) Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.



On August 25, 2014, the Board of Directors (the "Board") of Charles & Colvard, Ltd. (the "Company") granted a discretionary stock option to purchase 100,000 shares of the Company's common stock to Kyle Macemore, the Company's Chief Financial Officer. The stock option has an exercise price of $2.21 per share and vests over a three-year period, with 25% of the award vesting on the grant date and 25% of the award vesting on each of the following three anniversary dates of the grant date. The option grant was made pursuant to the Company's 2008 Stock Incentive Plan and subject to the terms of the Plan's standard employee incentive stock option agreement.

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