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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