In 2006, the Securities and Exchange Commission (SEC) notified ACS that they were conducting an informal investigation into certain stock option grants made by the company from October 1998 through March 2005.This was due to the improper and unethical practice of back-dating stock options to specific low points in the stock value.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.Although it sometimes requires taking minute samples of an object, even that damage may be unacceptable for some artifacts.
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THIS SCORECARD WAS LAST UPDATED IN SEPTEMBER 2007 AND IS NO LONGER BEING UPDATED.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.
“This technique stands to revolutionize radiocarbon dating,” said Marvin Rowe, Ph. “It expands the possibility for analyzing extensive museum collections that have previously been off limits because of their rarity or intrinsic value and the destructive nature of the current method of radiocarbon dating.
In theory, it could even be used to date the Shroud of Turin.” Rowe explained that the new method is a form of radiocarbon dating, the archaeologist’s standard tool to estimate the age of an object by measuring its content of naturally-occurring radioactive carbon.