ATLANTA, November 20, 2017 — PRGX Global, Inc. (Nasdaq:PRGX), a global leader in Recovery Audit and Spend Analytics services, today announced that Jeff Crow has been named Vice President & Global Chief Marketing Officer, responsible for marketing strategies and initiatives to drive global growth for the Company. Prior to joining PRGX, Mr. Crow was Chief Marketing Officer for Earthlink, an IT services, network and communications provider headquartered in Atlanta, Georgia. Before Earthlink, Mr. Crow served as a Principal for Interplay Consulting, a marketing consulting firm, and from 2011 to 2015, Mr. Crow served as Vice President, Marketing & General Manager of the grass seed business unit of Central Garden & Pet Company. Prior to Central Garden & Pet, Mr. Crow was Chief Operating Officer at WIN Products, Inc. and before that he held a number of marketing roles at Coca-Cola and Unilever. Mr. Crow began his career at Andersen Consulting (now Accenture).
“We are delighted to have Jeff join PRGX,” said Daryl Rolley, Senior Vice President and Chief Commercial Officer. “We look forward to leveraging his valuable marketing, communications and brand development experience to drive the performance of our Company for all our stakeholders.”
In connection with Mr. Crow’s employment, on November 15, 2017, the Company granted equity awards to Mr. Crow consisting of options to purchase 15,000 shares of the Company’s common stock. The options will vest in equal one-third increments on each of November 15, 2018, November 15, 2019, and November 15, 2020, subject to Mr. Crow’s continued employment with the Company. The options have an exercise price of $7.10 per share. The options will vest in full in the event of a change in control of the Company, provided Mr. Crow remains continuously employed by the Company until such event.
The grants were approved by the compensation committee of the Company’s board of directors, which committee is comprised solely of independent directors, and were granted as an inducement material to Mr. Crow entering into employment with the Company in accordance with Nasdaq Listing Rule 5635(c)(4).