EBIX INC FILES (8-K) Disclosing Change in Directors or Principal Officers

Edgar Glimpses |

Item 5.02 Departure of Directors or Certain Officers: Election of Directors: Appointment of Certain Officers: Compensatory Arrangements of Certain Officers. (e) Compensatory Arrangements of Certain Officers

On , after reviewing the Chief Executive Officer's performance under his compensation plan, the Compensation Committee and Chairman of the Audit Committee of Ebix, Inc. approved the grant of $600 thousand in shares of restricted common stock to the Chief Executive Officer of Ebix, Inc. based on the closing price of the Company's common stock on . As a result, the Chief Executive Officer was granted 13,541 shares of restricted common stock. The shares vest over a three-year period. The first one-third of these awards will vest on and the remaining two-thirds vest in quarterly installments over the next eight quarters.

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