It is being examined by the Securities and Exchange Commission. 7, the company announced that investors should no longer rely on its prior disclosures about the findings of its continuing internal probe. Noncash compensation costs related to backdating will be about million, plus additional tax-related expenses.It had previously said a preliminary review suggested no intentional backdating occurred and any charges were likely to be minor. (Headlines) (Options chart) The maker of gene-testing devices said on Aug 1 that an internal probe has uncovered "certain documentation lapses" in its stock options grant processes from 1997 through 1999, including one instance when the option grant date should have been recorded differently.
In June, Apple said "one of the grants in question" was made to CEO Steve Jobs. 4, the company said its internal investigation had found Jobs was aware of options backdating but didn't benefit from the practice. prosecutors are investigating Apple's options practices. It also said it will restate financial data going back to 2002 and take an million charge.
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.
(Headlines)On June 21, 2006, Altera said its special committee has reached a preliminary conclusion that actual measurement dates for certain option grants issued between 19 differed from the recorded grant dates, and that it expects to restate its financial statements for the fiscal years ended 1996 through 2005.
The San Jose, Calif., programmable-chip maker said on May 25 that the SEC and the U. attorney in Northern California are looking into its stock-option grants.