Medical Devices & Surgical Technology Week
Welcome to NewsRx!
Learn more about a six-week, no-risk free trial of Medical Devices & Surgical Technology Week
We're a pay-per-view site for premium content. If you'd like to purchase this article, it's only $3.00.
Business & Finance
Cyberonics audit committee concludes stock options review
December 24th, 2006
Cyberonics, Inc. (CYBX) announced that the audit committee of the company's board of directors has completed its previously announced review of the company's stock option grants, practices and procedures. The audit committee, which consists of three independent members of the company's board, was assisted in its review by independent outside legal counsel, Morgan, Lewis & Bockius LLP, and independent accounting advisors retained by that law firm. The audit committee concluded that there were incorrect measurement dates with respect to financial reporting of certain option grants between 1999 and 2003 and has reported these conclusions to the full...
Source: Medical Devices & Surgical Technology Week (2006-12-24)
|
