Susan K. Conner appointed chief financial officer
DALLAS, Oct. 17 /PRNewswire-FirstCall/ -- Zix Corporation (ZixCorp(R)),
(Nasdaq: ZIXI), the leader in hosted services for email encryption and
e-prescribing, announced that it has appointed Susan K. Conner as the
company's chief financial officer, effective October 16, 2008. Ms. Conner
replaces Mr. Barry Wilson, who has served as the company's acting chief
financial officer and treasurer since November 2006. Mr. Wilson will remain
with the company as vice president - accounting & finance, and treasurer.
Ms. Conner's most recent position was as the executive vice president
and chief financial officer of Pegasus Solutions, Inc. ("Pegasus"), which
previously traded on NASDAQ under the trading symbol "PEGS." Pegasus is a
leading service provider of reservation and distribution technology, and
financial and hotel marketing services in the hospitality industry, and
operates in a variety of countries throughout the world. Her
responsibilities at Pegasus included oversight of the company's global
financial functions, including accounting and controls, financial planning,
treasury, tax, investor relations, strategic and profitability planning,
merger and acquisition activities, and cost reduction and acquisition
integration initiatives.
"I am pleased to announce Susan's appointment to our leadership team.
The broad range of skills that she brings to the company fits with our
overall plan to position the company for future growth and success," said
Rick Spurr, ZixCorp's chief executive officer. "Her experience in the
technology services industry will enhance her ability to quickly become an
effective member of our leadership team." Spurr added, "I would also like
to thank Barry for his commitment and dedication over the last two years
while acting as our chief financial officer."
With more than 15 years of public accounting experience, Ms. Conner
joined Pegasus from PricewaterhouseCoopers LLP where she served as a
partner in Audit and Business Advisory Services for five years within the
firm's Technology, Infocom, Communications, and Entertainment and Media
group. Ms. Conner is a member of Financial Executives International (FEI)
and the American Institute of Certified Public Accountants (AICPA). Ms.
Conner received her BBA in Accounting from the University of Texas at
Austin where she also serves on the advisory board to the Department of
Information, Risk and Operations Management within the McCombs School of
Business.
In accordance with Nasdaq Marketplace Rule 4350, ZixCorp announced that
the company awarded Ms. Conner options to acquire 130,000 shares of the
company's stock with an exercise price of $1.70 per share, yesterday's
closing price of the company's common stock, and with quarterly vesting
over three years; and also recently awarded options to acquire 14,061
shares to five other newly-hired employees for a variety of non-executive
positions throughout the company. The exercise prices for these grants
ranged from $1.85 to $2.95 per share, with a weighted average price of
$2.16. Approximately one-third of these latter options vest on the first
anniversary of the grant, with the balance vesting on a pro-rata basis over
the next eight quarters.
About Zix Corporation
ZixCorp is the leading provider of easy-to-use-and-deploy email
encryption and e-prescribing services that Connect entities with their
customers and partners to Protect and Deliver sensitive information in the
healthcare, finance, insurance and government industries. ZixCorp's hosted
Email Encryption Service provides an easy and cost-effective way to ensure
customer privacy and regulatory compliance for corporate email. Its
PocketScript(R) e-prescribing service reduces costs and improves patient
care by automating the prescription process between payors, doctors, and
pharmacies. For more information, visit http://www.zixcorp.com.
SOURCE Zix Corporation
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Related links:
http://www.zixcorp.com
CONTACT:
Public Relations, Geoff Bibby,
+1-214-370-2241, publicrelations@zixcorp.com, or Investor
Relations, Peter Wilensky, +1-214-515-7357, invest@zixcorp.com,
both of Zix Corporation
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