Subsequent Events
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12 Months Ended |
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Nov. 30, 2014
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Subsequent Events [Abstract] | |
SUBSEQUENT EVENTS |
SUBSEQUENT EVENTS
On December 23, 2014, the Compensation Committee of the Board of Directors awarded options to purchase 175,000 shares of stock as of January 5, 2015 to eight members of management, including Richard Kornhauser, the Company's Chief Executive Officer and Stephen Heit, the Company's Chief Financial Officer.
The options were granted at $3.48 per share, which was the closing price on January 5, 2015. The options vest over five years and will expire on January 5, 2025.
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- Details
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- Definition
The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. No definition available.
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