MADISON,
Wis., Nov. 26, 2024 /PRNewswire/ -- Accuray
Incorporated (NASDAQ: ARAY) today reported, as required by NASDAQ
Listing Rules, equity inducement awards to Mike Murphy, the company's new Vice President,
Corporate Controller. As a material inducement to Mr. Murphy
joining the company, and in accordance with NASDAQ Listing Rule
5635(c)(4), the Compensation Committee approved granting Mr. Murphy
an award of 150,000 restricted stock units covering shares of the
company's common stock effective as of November 29, 2024
(collectively, the "Inducement Awards"). The Inducement Awards were
made outside of the company's current equity plan, but are subject
to terms and conditions generally consistent with those in the
company's 2016 Equity Incentive Plan.
Twenty-five percent of the restricted stock units subject to the
restricted stock unit award will vest on each yearly anniversary of
October 31, 2024, subject to Mr.
Murphy's continued service through each applicable vesting
date.
About Accuray
Accuray is committed to expanding the powerful potential of
radiation therapy to improve as many lives as possible. We invent
unique, market-changing solutions that are designed to deliver
radiation treatments for even the most complex cases—while making
commonly treatable cases even easier—to meet the full spectrum of
patient needs. We are dedicated to continuous innovation in
radiation therapy for oncology, neuro-radiosurgery, and beyond, as
we partner with clinicians and administrators, empowering them to
help patients get back to their lives, faster. Accuray is
headquartered in Sunnyvale,
California, with facilities worldwide. To learn more, visit
www.accuray.com or follow us on Facebook, LinkedIn, X,
and YouTube.
Media Contact
Beth Kaplan
Public Relations Director, Accuray
+1 (408) 789-4426
bkaplan@accuray.com
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SOURCE Accuray Incorporated