NU Online News Service, Nov. 19, 10:19 a.m. – Clark/Bardes Inc., Barrington, Ill., an executive compensation and benefits consulting firm, says it has settled on a price of $19 per share for its upcoming offering of common stock.

Clark/Bardes hopes to sell 3.15 million new shares, and 475,000 shares held by “certain stockholders.” If the offering goes well, the firm will sell 543,750 additional new shares to the underwriters.

Clark/Bardes first announced the possibility that it might sell the stock in October.

The company already has about 13 million shares of common stock outstanding.

Clark/Bardes says it wants to sell more stock to make the stock easier to trade and raise cash that can be used to pay down a credit facility arranged by Bank One Corp., Chicago.

Clark/Bardes owed $66.2 million on its credit facility June 30, according to a company financial statement. At a price of $19 per share, the proposed offering could raise about $80 million.

J.P. Morgan Chase & Company Inc., New York, is the lead manager.

The co-managers are Stephens Inc., Little Rock, Ark.; Bear, Stearns & Company Inc., New York; and Fox-Pitt Kelton Inc., New York.