Unh stock options backdating dating discussion board
As a result, it is possible that Activision will be required to record additional stock-based compensation expense related to stock-option grants.On June 7, 2007, the company said the SEC issued a formal probe order related to its stock-options grants.Director Fred Anderson, who served as the company's chief financial officer from 1996 until 2004, resigned from its board of directors. On April 24, 2007, the SEC filed civil charges against Apple's former general counsel, Nancy Heinen, and former CFO Fred Anderson for their alleged involvement in backdating of stock options at Apple. Anderson settled the charge with the SEC without admitting wrongdoing.(Options chart) (Headlines) The Sunnyvale, Calif., semiconductor company disclosed on June 27 that it received a subpoena from the U. attorney for the Northern District of California related to its stock-option practices. Attorney's Office for the Northern District of California doesn't intend to continue its investigation of the company's option-granting practices and is withdrawing its subpoena, but that it has received a subpoena from the U. Attorney's Office for the Southern District of California relating to its past options grants. 14, the company said its audit committee has concluded that Applied should have used different measurement dates for computing costs for certain stock option grants, and the company now expects to recognize up to 0 million in compensation expense beginning in fiscal year 1998, primarily relating to options awarded during fiscal years 2000 through 2002. 10, 2007, Applied said it completed its investigation and the net restatement adjustment from the investigation was .3 million, affecting fiscal years 1999 through first quarter of 2004, comprised of .2 million of stock-based compensation offset by .9 million of tax benefits.
The company also said its board has appointed a special subcommittee of independent directors to conduct an internal review of the companys historical stock-option grant practices. 25 the company said it appears likely that actual measurement dates for certain historical stock-option grants will be found to differ from the recorded grant dates for such awards.
Here's a look at companies that have come under scrutiny for past stock-option grants and practices.
THIS SCORECARD WAS LAST UPDATED IN SEPTEMBER 2007 AND IS NO LONGER BEING UPDATED. Note: This list contains companies that have disclosed government probes, misdated options, restatements and/or executive departures as of Septmeber 2007.
The company added that it may face "significant tax liability" for prior years because it misapplied IRS rules.
On May 21, 2007 the company became current on late SEC filings and recorded, as a result of a restatement, for the fiscal years 1994 through 2005, pretax noncash compensation expense of .9 million.
Analog Devices reached a tentative settlement with the SEC in November 2005 related to grants. (Headlines)On June 19, the Phoenix education provider received a subpoena from the U. attorney for the Southern District of New York relating to stock-option grants.