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    OSPN   US68287N1000

ONESPAN INC.

(OSPN)
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ONESPAN : Change in Directors or Principal Officers, Financial Statements and Exhibits (form 8-K/A)

09/02/2021 | 06:05am EDT

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On August 4, 2021, OneSpan Inc. (the "Company") filed a Current Report on Form 8-K (the "Original Form 8-K") with the U.S. Securities and Exchange Commission disclosing the appointment of Steven R. Worth as Interim President and Chief Executive Officer, effective August 2, 2021. This Amendment No. 1 to the Original Form 8-K is being filed by the Company to disclose changes to the compensation of Mr. Worth in connection with this appointment.

In connection with Mr. Worth's appointment as Interim President and Chief Executive Officer, the Company's Board of Directors (the "Board") approved the following changes to Mr. Worth's compensation arrangements: (a) during each month, or portion thereof, of service as Interim President and Chief Executive Officer, Mr. Worth will receive an additional fee of $20,000 per month (prorated for partial months of service and retroactive to August 2, 2021); and (b) the grant of 15,000 performance-based restricted stock units ("PSUs"), which will cliff vest on December 31, 2021, subject to the achievement of strategic performance goals relating to product strategy, diagnostic work and cost savings and Mr. Worth's continued service.

Item 9.01 Financial Statements and Exhibits

(d)  Exhibits.


Exhibit
Number     Description
104        Cover Page Interactive Data File (embedded within the inline XBRL document)

© Edgar Online, source Glimpses

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Analyst Recommendations on ONESPAN INC.
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Financials (USD)
Sales 2021 210 M - -
Net income 2021 -29,5 M - -
Net cash 2021 105 M - -
P/E ratio 2021 -27,7x
Yield 2021 -
Capitalization 824 M 824 M -
EV / Sales 2021 3,42x
EV / Sales 2022 3,20x
Nbr of Employees 863
Free-Float 86,1%
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Technical analysis trends ONESPAN INC.
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Mean consensus BUY
Number of Analysts 4
Last Close Price 20,51 $
Average target price 30,67 $
Spread / Average Target 49,5%
EPS Revisions
Managers and Directors
Steven R. Worth President, CEO, Secretary & General Counsel
Jan Kees van Gaalen Chief Financial Officer & Treasurer
Alfred A. Nietzel Chairman
Benoit GrangÚ Chief Technology Evangelist
Jeff Cole Chief Information Officer
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