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EX-10.1 - OFFER OF EMPLOYMENT BETWEEN DANIEL INGLE AND AUTOWEB, INC. DATED NOVEMBER 26, 20 - AutoWeb, Inc. | ex10-1.htm |
8-K - CURRENT REPORT - AutoWeb, Inc. | auto8k_jan162019.htm |
Exhibit
99.1
AutoWeb Appoints Dan Ingle to Chief Operating Officer
IRVINE, Calif., January 16, 2019 — AutoWeb, Inc.
(Nasdaq: AUTO), a robust digital marketing platform providing
advertising solutions for automotive dealers and OEMs, has appointed Dan Ingle to the
newly created position of chief operating officer.
Ingle
brings more than two decades of automotive and technology related
experience to AutoWeb, and has spent the last 12 years with Cox
Automotive serving in various capacities. Most recently, he served
as the vice president of international business development, where
he was responsible for the global expansion of Kelley Blue Book
(KBB) and AutoTrader. Ingle was also instrumental in developing a
global vehicle valuation strategy for Cox, while launching a
scalable KBB platform in Portugal, Brazil and the UK.
Prior
to Cox, Ingle was the director of information technology at
CapitalOne Auto Finance, where he managed a technology project
portfolio that included a direct to consumer loan originations
platform as well as a loan servicing system. He has also held
positions with PeopleFirst.com, Thomson Technology Consulting Group
and Ernst & Young.
“Dan’s
operational capabilities and extensive insight into the digital
automotive marketing landscape will be a strong asset for our
executive team,” said Jared Rowe, president & CEO of
AutoWeb. “His leadership at KBB was instrumental to the
brand’s digital transformation as he modernized its vehicle
valuation process and display, while extending those capabilities
beyond the US market. We look forward to leveraging his expertise
in operating digital consumer and commercial products as we look to
execute on our various strategic initiatives in
2019.”
Ingle
commented on his appointment: “AutoWeb’s marketing
platform provides dealers and OEMs with the necessary advertising
solutions to sell vehicles in a dynamic digital landscape. I plan
to utilize my experience in managing digital platforms to further
enhance AutoWeb’s solutions and ensure we are effectively
utilizing our people, technology and data to drive growth and
deliver measurable value for our clients.”
Ingle
has served on the board of directors of JingZhenGu, a Chinese
vehicle valuation business, as well as the board of Molicar, a
Brazilian vehicle valuation business. He holds a Bachelor of
Business Administration in Management Information Systems from Ohio
University.
Inducement Options
As an
inducement for joining the company, Ingle was granted options to
acquire 165,000 shares of the company’s common stock at an
exercise price equal to $3.53 per share, which was the closing
price of the common stock on The Nasdaq Capital Market
today.
The
options have a term of seven years, and one-third of the options
will vest on the first anniversary of the grant date and one
thirty-sixth of the options shall vest on each successive monthly
anniversary of the grant date for the following twenty-four months.
Vesting of the options will accelerate upon the occurrence of
certain events, including upon a change in control of the company
or upon termination of the grantee’s employment by the
company without cause or by the grantee for good
reason.
About AutoWeb, Inc.
AutoWeb,
Inc. provides high-quality consumer leads, clicks and associated
marketing services to automotive dealers and manufacturers
throughout the United States. The company also provides consumers
with robust and original online automotive content to help them
make informed car-buying decisions. The company pioneered the
automotive Internet in 1995 and has since helped tens of millions
of automotive consumers research vehicles; connected thousands of
dealers nationwide with motivated car buyers; and has helped every
major automaker market its brand online.
Investors
and other interested parties can receive AutoWeb news alerts and
special event invitations by accessing the online registration form
at http://investor.autoweb.com/alerts.cfm.
Company Contact
J.P.
Hannan
Chief
Financial Officer
949-437-4651
jp.hannan@autoweb.com
Investor Relations Contact
Sean
Mansouri or Cody Slach
Liolios
Investor Relations
949-574-3860
AUTO@liolios.com