SAN FRANCISCO, June 20 /PRNewswire/-- MarketWatch.com, Inc. (Nasdaq: MKTW)
today announced that its Board of Directors has approved a voluntary stock
option exchange program for eligible option holders.
Under the program, MarketWatch.com option holders will have the
opportunity to cancel outstanding options in exchange for new options to be
granted at a future date. The number of shares of common stock subject to the
new options will be equal to 75% of the number subject to the exchange
options. The new options will have an exercise price equal to the fair market
value of the Company's common stock at the new grant date and will vest
equally for three years on the anniversary of the cancellation date of the
existing options. MarketWatch.com expects that there will be no accounting
charges as a result of this stock option exchange program.
About MarketWatch.com, Inc.
MarketWatch.com, Inc., a leading financial media company, is the number
one financial news and information source on the Internet. Founded in 1997,
MarketWatch.com operates three web sites: cbs.marketwatch.com, bigcharts.com,
and U.K.-based ftmarketwatch.com. In addition to offering top-notch financial
reporting and investment tools on its web sites, MarketWatch.com licenses a
wide array of content and tools in custom-designed formats for brokerages and
other online businesses. The Company also produces the syndicated CBS
MarketWatch Weekend program, airs financial reports over CBS Network
Television, and provides updates every 30 minutes on the MarketWatch.com Radio
Network. Editorial content from cbs.marketwatch.com is distributed in major
newspapers and wireless networks.
Notice Regarding Forward-Looking Statements
This media release contains forward-looking statements that involve risks
and uncertainties. MarketWatch.com's actual results may differ materially from
those anticipated in these forward-looking statements, including those
relating to the Company's expected accounting treatment for the stock option
exchange program. Information about potential risk factors, which could affect
the Company's business and financial results, is contained in the Company's
Annual Report on Form 10-K for the year ended December 31, 2000, as well as
the other reports it files with the Securities Exchange Commission, including
its Form 10-Q for the three months ended March 31, 2001. Forward-looking
statements are based on information available to the Company on the date
hereof. MarketWatch.com, Inc. assumes no obligation to publicize the results
of any potential revision of its forward-looking statements.
SOURCE MarketWatch.com, Inc.
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Related links:
http://cbs.marketwatch.com
CONTACT:
Joan P. Platt, Chief Financial Officer of
MarketWatch.com, Inc., 415-733-0500, or
investor_relations@marketwatch.com
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