Attached files
| file | filename |
|---|---|
| 10-Q - 10-Q - ABM INDUSTRIES INC /DE/ | c97187e10vq.htm |
| EX-32 - EXHIBIT 32 - ABM INDUSTRIES INC /DE/ | c97187exv32.htm |
| EX-31.2 - EXHIBIT 31.2 - ABM INDUSTRIES INC /DE/ | c97187exv31w2.htm |
| EX-10.3 - EXHIBIT 10.3 - ABM INDUSTRIES INC /DE/ | c97187exv10w3.htm |
| EX-10.1 - EXHIBIT 10.1 - ABM INDUSTRIES INC /DE/ | c97187exv10w1.htm |
| EX-10.2 - EXHIBIT 10.2 - ABM INDUSTRIES INC /DE/ | c97187exv10w2.htm |
| EX-31.1 - EXHIBIT 31.1 - ABM INDUSTRIES INC /DE/ | c97187exv31w1.htm |
Exhibit 99.1
Director Stock Ownership Guidelines adopted March 1, 2010
The Board believes that significant stock ownership by Board members further aligns their interests
with the interests of the Company’s stockholders. Accordingly, the Board has established a goal
that within four years after joining the Board, each non-management Board member own Company shares
valued at three times his or her annual retainer fee.
For purposes of meeting this goal, shares held by the director, shares held by family members in
the same household, restricted stock units (including unvested restricted stock units) and deferred
stock units are included in the value of the stock held by the director. Stock options are not
included in the value of stock held by a director.
Until the goal is met, a Board member is required to retain 50% of the “net shares realized” from
unrestricted shares acquired under the 2006 Equity Incentive Plan, as amended and restated from
time to time, or from any exercise of options acquired under the Company’s stock option plans.
“Net shares realized” means unrestricted shares acquired under the 2006 Equity Incentive Plan, as
amended and restated from time to time, net of any shares sold to pay taxes with respect to the
acquisition of such shares, and shares resulting from the exercise of stock options granted under
the Company’s stock option plans, net of any shares sold to pay the exercise price or to cover
taxes associated with such exercise.