Alliance Entertainment Announces 597 New Employee Shareholders Under Its 2023 Omnibus Equity Incentive Plan
PLANTATION, Fla., Oct. 10, 2023 (GLOBE NEWSWIRE) -- Alliance Entertainment Holding Corporation (Nasdaq: AENT) (“Alliance Entertainment”, “Company”), a distributor and wholesaler of the world’s largest in stock selection of music, movies, video games, electronics, arcades, toys and collectibles, today announced 100% vestment of equity grants to 597 employees under its 2023 Omnibus Equity Incentive Plan, establishing an employee-owned company.
- PLANTATION, Fla., Oct. 10, 2023 (GLOBE NEWSWIRE) -- Alliance Entertainment Holding Corporation (Nasdaq: AENT) (“Alliance Entertainment”, “Company”), a distributor and wholesaler of the world’s largest in stock selection of music, movies, video games, electronics, arcades, toys and collectibles, today announced 100% vestment of equity grants to 597 employees under its 2023 Omnibus Equity Incentive Plan, establishing an employee-owned company.
- On June 15, 2023, Alliance Entertainment issued an aggregate of 468,400 shares of Class A Common Stock into a reserve for unvested restricted shares pursuant to the Company’s 2023 Omnibus Equity Incentive Plan.
- Employees celebrated the significant milestone of becoming owners of our company by wearing Alliance Entertainment t-shirts boasting employee ownership.
- Bruce Ogilvie, Chairman of Alliance Entertainment, commented, “Our Equity Incentive Plan represents our goal to unite all employees around our mission by offering a share in the Company’s future.