News & Events
Document Sciences Names New Chief Marketing Officer
3/22/2006, 7:00AM ET
CARLSBAD, CA (March 21 /PRNewswire-FirstCall) - Document Sciences Corporation (NASDAQ: DOCX), a proven leader and innovator in automating the creation and delivery of enterprise customer communications for print, email and online distribution, announced the addition of Hakan Akbas as Chief Marketing Officer. Mr. Akbas brings more than 10 years of experience building successful strategies and programs spanning strategic development, marketing strategy, product marketing and business development within the high tech industry.
In this position, Mr. Akbas will apply his extensive experience in strategic marketing of technology products, services and solutions in bringing to market Document Sciences' technology suite and driving lead generation for sales channels, as well as looking at non-traditional ways to capitalize on the company's many resources. "As we continue to grow the company, Hakan's experience in market identification, branding, and strategic thinking will prove invaluable," said Jack McGannon, Document Sciences' President and Chief Executive Officer. "He makes an outstanding addition to our Executive Team as we expand our efforts," added Mr. McGannon.
Mr. Akbas joins Document Sciences from Xerox Corporation, where he was a Managing Director, Business Development Operations within the Global Services Division, where he led service offering development and marketing activities. Prior to that, Mr. Akbas was a Director of Marketing & Business Development for a start-up joint venture between Accenture and Xerox. Hakan has a bachelor's degree in Industrial Engineering and an MBA from the Simon School at the University of Rochester.
Mr. Akbas will be located at the company's headquarters in Carlsbad, California.
About Document Sciences
Document Sciences Corporation delivers real-time, dynamic content publishing solutions that content-driven organizations depend on to realize productivity benefits, cut costs, and increase competitiveness. Over 600 customers and partners worldwide use Document Sciences products in insurance, banking and financial services, managed-care, telecommunications, utilities and commercial print service bureaus. Customers include more than 60 Fortune 500 companies. Based in Carlsbad, California, with operations in Beijing, China and offices across the U.S. and London, Document Sciences also markets its products in Europe, Australia, Canada, New Zealand, Latin America and Asia. For more information about Document Sciences Corporation visit www.docscience.com.
Document Sciences issued to Mr. Akbas, as an inducement material to Mr. Akbas' entering into employment and as approved by the compensation committee of Document Sciences' board of directors, 25,000 restricted shares of our common stock and options to purchase an additional 25,000 shares of our common stock. The restricted shares will vest over three years according to the following schedule: 30% on the first anniversary of Mr. Akbas' date of employment, 30% on the second anniversary and 40% on the third anniversary. The exercise price of the options will be set at the closing price on the date of the company's next Board Meeting and the options will vest over three years according to the following schedule: 30% on the first anniversary of Mr.Akbas' date of employment and 70% ratably over the next 24 months.
This press release may contain "forward-looking" statements about possible or assumed future results of our financial condition, operations, plans, objectives and performance. You can identify these statements by the fact they use words such as "believe," "expect," "anticipate," "estimate," "project," "intend," "plan" or similar expressions. Many possible events or factors could affect our future financial results and performance. This could cause our results or performance to differ materially from those expressed in these forward-looking statements. Some of these events or factors include the following: (i) national, international, regional and local economic, competitive and regulatory conditions and developments; (ii) the market for dynamic content publishing software; (iii) market acceptance of enhancements to our existing products and introduction of new products; (iv) continued profitability of our professional services; (v) maintaining our relationships with Xerox Corporation and our other distribution partners and/or other risks detailed from time-to-time in our SEC reports, including the report on Form 10-K for the fiscal year ended December 31, 2004. We do not undertake, and specifically disclaim, any obligation to update forward-looking statements.