Manchester, NH - (NewMediaWire) - December 06, 2021 - Minim, Inc. (NASDAQ: MINM), the creator of intelligentnetworking products under the globally recognized Motorola brand, todayannounces that the Minim Board of Directors and its Compensation Committeeapproved a grant of restricted stock units (RSUs) to new employee Bill Wallace,covering an aggregate of 188,274 shares of common stock.
Theeffective grant date of the RSUs is December 1, 2021, and the RSUs are beinggranted as a material inducement to employment in accordance with NasdaqListing Rule 5635(c)(4). The RSUs will vest in three equal bi-monthlyinstallments over a five-month period starting on the first month anniversaryof the grant date, subject to the applicable new employee’s continued servicewith Minim through the applicable vesting dates. The RSUs were granted outsideof the company’s equity incentive plans.
About Minim
Minim, Inc. (NASDAQ: MINM) is the creator of intelligentnetworking products that dependably connect people to the information they needand the people they love. Headquartered in Manchester, NH, the company deliverssmart software-driven communications products under the globally recognizedMotorola brand and Minim® trademark. Minim end users benefit from apersonalized and secure WiFi experience, leading to happy and safe homes wherethings just work. To learn more, visit https://www.minim.com.
MOTOROLAand the Stylized M Logo are trademarks or registered trademarks of MotorolaTrademark Holdings, LLC and are used under license.
MediaContact:
NicoleZheng at (908) 337-2481 or nicole@minim.com
InvestorRelations Contact:
JamesCarbonara, Hayden IR at (646) 755-7412 or james@haydenir.com
AboutMotorola Strategic Brand Partnerships
For over 90years the Motorola brand has been known around the world for high quality, innovativeand trusted products. Motorola’s Strategic Brand Partnership program seeks toleverage the power of this iconic brand by teaming with dynamic companies whooffer unique, high quality products that enrich consumers’ lives. Strategicbrand partners work closely with Motorola engineers while developing andmanufacturing their products, ensuring that their products meet the exactingsafety, quality, and reliability standards that consumers have come to expectfrom Motorola. To learn more about Motorola strategic brand partnerships,follow us @ShopMotorola.
Forward-LookingStatements
This pressrelease contains “forward-looking statements”, within the meaning of the safeharbor provisions of the U.S. Private Securities Litigation Reform Act of1995. Such forward-looking statements relate to Minim’s plans,expectations, and intentions. Actual results may be materially different fromexpectations as a result of known and unknown risks, including: risksassociated with Minim’s potential inability to realize intended benefits of theacquisition by merger of Zoom Connectivity, Inc.; the potential increase intariffs on the company's imports; the potential supply interruptions frommanufacturing the company’s products in Vietnam; risks relating to global semiconductorshortages; potential changes in NAFTA; the potential need for additionalfunding which Minim may be unable to obtain; declining demand for certain ofMinim’s products; delays, unanticipated costs, interruptions or otheruncertainties associated with Minim’s production and shipping; Minim’s relianceon several key outsourcing partners; uncertainty of key customers’ plans andorders; risks relating to product certifications; Minim’s dependence on keyemployees; uncertainty of new product development, including certification andoverall project delays, budget overruns; the risk that newly introducedproducts may contain undetected errors or defects or otherwise not perform asanticipated; costs and senior management distractions due to patent related matters;risks from a material weakness in our internal control over financialreporting; the impact of the COVID-19 pandemic; and other risks set forth inMinim’s filings with the Securities and Exchange Commission. Minim cautionsreaders not to place undue reliance upon any such forward-looking statements,which speak only as of the date made. Minim expressly disclaims any obligationor undertaking to release publicly any updates or revisions to any suchstatements to reflect any change in Minim’s expectations or any change inevents, conditions or circumstance on which any such statement is based.