Published: December 23, 2010
Green Mountain Coffee Roasters, Inc. Announces the Grant of Inducement Awards
WATERBURY, Vt. - (BUSINESS WIRE) - Green Mountain Coffee Roasters, Inc. (NASDAQ: GMCR),
a leader in specialty coffee and coffee makers, announced today that, in
connection with the previously announced closing of its acquisition of
LJVH Holdings Inc. ("Van Houtte" ), it has awarded an inducement grant to
each of GÄrard Geoffrion and Sylvain Toutant. GMCR awarded Mr. Geoffrion
a non-qualified option to purchase 35,000 shares of GMCR common stock
and Mr. Toutant a non-qualified option to purchase 20,000 shares of GMCR
common stock.
Mr. Geoffrion and Mr Toutant will continue in their roles as President
and Chief Operating Officer of Van Houtte, respectively. The option
awards were granted without stockholder approval pursuant to NASDAQ
Market Place Rule 5635(c)(4) and approved by all of GMCR's independent
directors and the company's compensation committee, respectively. The
stock options will vest at a rate of 25% on each of the first four
anniversaries of the date of grants and will have an exercise price
equal to the closing price of GMCR common stock on December 17, 2010 and
December 22, 2010, respectively. The terms of these options are
consistent with options granted under the Amended and Restated Green
Mountain Coffee Roasters, Inc. 2006 Incentive Plan.
About Green Mountain Coffee Roasters, Inc.
As a leader in the specialty coffee industry, Green Mountain Coffee
Roasters, Inc. is recognized for its award-winning coffees, innovative
brewing technology and socially responsible business practices. GMCR's
operations are currently managed through two business units. The
Specialty Coffee business unit produces coffee, tea and hot cocoa from
its family of brands, including Tully's Coffee, Green
Mountain Coffee, Newman's Own® Organics coffee,
Timothy's World Coffee, Diedrich®, Coffee People®
and Gloria Jeans, a trademark licensed to GMCR for use in
North America and owned by Gloria Jeans Coffees International Pty. Ltd.
The Keurig business unit is a pioneer and leading manufacturer of
gourmet single-cup brewing systems. K-Cup portion packs for
Keurig Single-Cup Brewers are produced by a variety of
roasters, including Green Mountain Coffee, Tully's, Timothy's and
Diedrich. GMCR supports local and global communities by offsetting 100%
of its direct greenhouse gas emissions, investing in Fair Trade
Certified coffee, and donating at least five percent of its pre-tax
profits to social and environmental projects. Visit www.gmcr.com
for more information.
GMCR routinely posts information that may be of importance to investors
in the Investor Relations section of its web site, including news
releases and its complete financial statements, as filed with the SEC.
GMCR encourages investors to consult this section of its web site
regularly for important information and news. Additionally, by
subscribing to GMCR's automatic email news release delivery, individuals
can receive news directly from GMCR as it is released.
Forward-looking statements
Certain statements contained in this press release are not based on
historical fact and are "forward-looking statements" within the meaning
of the applicable securities laws and regulations. Generally, these
statements can be identified by the use of words such as "anticipate,"
"believe," "could," "estimate," "expect," "feel," "forecast," "intend,"
"may," "plan," "potential," "project," "should," "would," and similar
expressions intended to identify forward-looking statements, although
not all forward-looking statements contain these identifying words.
Owing to the uncertainties inherent in forward-looking statements,
actual results could differ materially from those stated here. Factors
that could cause actual results to differ materially from those in the
forward-looking statements include, but are not limited to, the impact
on sales and profitability of consumer sentiment in this difficult
economic environment, GMCR's success in efficiently expanding operations
and capacity to meet growth, GMCR's success in efficiently and
effectively integrating Tully's, Timothy's, Diedrich's and Van Houtte's
wholesale operations and capacity into GMCR's business, GMCR's success
in introducing and producing new product offerings, the ability of
lenders to honor their commitments under GMCR's credit facility,
competition and other business conditions in the coffee industry and
food industry in general, fluctuations in availability and cost of
high-quality green coffee, any other increases in costs including fuel,
Keurig's ability to continue to grow and build profits with its roaster
partners in the At Home and Away from Home businesses, GMCR experiencing
product liability, product recall and higher than anticipated rates of
warranty expense or sales returns associated with a product quality or
safety issue, the impact of the loss of major customers for GMCR or
reduction in the volume of purchases by major customers, delays in the
timing of adding new locations with existing customers, GMCR's level of
success in continuing to attract new customers, sales mix variances,
weather and special or unusual events, the impact of the inquiry
initiated by the Securities and Exchange Commission and any related
litigation or additional governmental investigative or enforcement
proceedings, as well as other risks described more fully in GMCR's
filings with the SEC. Forward-looking statements reflect management's
analysis as of the date of this press release. GMCR does not undertake
to revise these statements to reflect subsequent developments, other
than in its regular, quarterly earnings releases.

Green Mountain Coffee Roasters, Inc.
Suzanne DuLong, 802-882-2100
VP
IR & Corporate Comm
suzanne.dulong@gmcr.com
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