Wright Medical Group, Inc. (WGMI) Reports Inducement Stock Option Grant to Raymond C. Kolls under NASDAQ Marketplace Rule 5635
6/4/2010 1:41:29 PM
ARLINGTON, Tenn.--(BUSINESS WIRE)--Wright Medical Group, Inc. (NASDAQ: WMGI), a global orthopaedic medical device company, announced that on May 31, 2010, the Compensation Committee of its Board of Directors granted an inducement option grant to Mr. Raymond C. Kolls as a part of his employment compensation. This press release is being made pursuant to NASDAQ listing rule 5635(c)(4) related to inducement grants. Wright announced on May 28, 2010 that Mr. Kolls joined the Company’s executive staff as Sr. Vice President, General Counsel and Secretary. Mr. Kolls brings to Wright over 20 years of experience in corporate governance, commercial transactions and employment law. Most recently, he served as Sr. Vice President, General Counsel and Secretary for Orthofix International NV, a public medical device company that specializes in products for spinal, orthopaedic and sports medicine applications. In his career, Mr. Kolls has completed in excess of $3.5 billion in commercial transactions of all types including mergers and acquisitions, as well as product development and commercialization agreements. Prior to joining Orthofix in 2004, he spent nine years with global transportation leader CSX Corporation in roles of increasing responsibility for the parent organization and several of its subsidiaries, ultimately serving as Associate General Counsel. From 1988 to 1995, Mr. Kolls practiced labor and employment law with the firm Morgan, Lewis, & Bockius where he served such high profile clients as Major League Baseball and American Airlines. Mr. Kolls earned his Bachelor’s degree in Government from Georgetown University in 1985 and his Juris Doctor degree from Georgetown University Law Center in 1988.