New York, NY, November 15, 2017 (NASDAQ: MDCA) – MDC Partners Inc. (the “Company”) announced that the Company granted an inducement award to Linus Karlsson in connection with his employment as Global Chief Creative Officer of Crispin Porter & Bogusky LLC (“CPB”), a wholly-owned subsidiary of the Company. On September 26, 2017, CPB announced the hiring of Mr. Karlsson, with this employment scheduled to begin on or about October 1, 2017. Effective November 10, 2017, the Company granted Mr. Karlsson an award of 50,000 restricted shares of MDC Partners’ Class A subordinate voting stock, subject to vesting on the 3rd anniversary of Mr. Karlsson’s employment commencement date or earlier upon the occurrence of certain events. The Company granted this award as a material inducement to Mr. Karlsson’s employment with CPB in accordance with NASDAQ Listing Rule 5635(c)(4).
About MDC Partners Inc.
MDC Partners is one of the fastest-growing and most influential marketing and communications networks in the world. Its 50+ advertising, public relations, branding, digital, social and event marketing agencies are responsible for some of the most memorable and engaging campaigns for the world’s most respected brands. As "The Place Where Great Talent Lives," MDC Partners is known for its unique partnership model, empowering the most entrepreneurial and innovative talent to drive competitive advantage and business growth for clients. By leveraging technology, data analytics, insights, and strategic consulting solutions, MDC Partners drives measurable results and optimizes return on marketing investment for over 1,700 clients worldwide.
Matt Chesler, CFA
Vice President, Investor Relations and Finance