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The 8-K filed by Safenet Inc. (SFNT) late Friday had so many different things going on that it almost should have come with a traffic cop tucked into the filing. For one, there were five separate employment agreements — two for outgoing Chairman and CEO Tony Caputo and outgoing CFO Carole Argo and three for [...]
We interrupt our regular trawl of the SEC filings this morning to talk about a new study by the smart people over at The Corporate Library. This morning, they released "The Spread of Options Backdating" which takes a closer look at the whole options backdating mess and finds a surprising link between many of the [...]
Last week, Mercury Interactive (MERQ) announced that it had proposed a $35 million settlement with the SEC over stock option issues and a formal investigation. By the end of the year, Mercury is expected to become a part of Hewlett Packard (HPQ) in a $4.5 billion deal.
So perhaps it should come as no surprise that [...]
Late Friday, Witness Systems (WITS) filed this NT 10-Q which basically said that the company’s Q would be late due to ongoing issues about options granted between 2000 and 2002. The filing noted that a special committee had already estimated $10 million in charges and that its financial results dating back to January 2000 should [...]
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