This week TeleTech Holdings (TTEC) restated 12 years’ worth of financials dating back to 1996 - the year in which Nintendo 64 debuted, Alan Greenspan spoke of “irrational exuberance” and Christie Brinkley married that scoundrel she’s now divorcing.
The culprit was misdated stock options. In a February 8-K, TeleTech announced the results of an internal review of option grants [...]

Later today, the National Association of Home Builders will release its monthly homebuilder sentiment index and by all accounts it is expected to be pretty gloomy.
Given that backdrop, the 8K that Centex (CTX) filed late yesterday certainly seems interesting. While the filing tackles a number of different issues related to last week’s shareholder meeting, where [...]

Normally, anything filed late on a Friday means that a company is trying to bury something pretty juicy. That’s doubly true when that late Friday filing happens before a holiday weekend when the markets are closed. So you can imagine my surprise to see this 8K filed by Chipotle (CMG) at 5:27 pm on Friday [...]

Remember the good old days before we taxpayers found ourselves bailing out the likes of Bear Stearns, back when the most exciting story on the business page was stock option backdating? Sure, the backdating scandal was disturbing, revealing widespread sneakiness in the service of greed, and it caused a bunch of earnings restatements. But no [...]

Cranky markets make for cranky people, but life as we know it must continue. And here at Footnoted, life as we know it often includes posting about Tyson Foods (TSN), one of our frequent flyers (last footnoted by Michelle in November).
Friday brought the news that former Chairman/CEO Don Tyson and other insiders had settled the [...]