Job search Web site operator Monster Worldwide said Wednesday it filed restated financial statements following its review of its stock-option granting practices. The restated financials include a cumulative charge of $339.6 million on options granted between 1997 and March 2003. Monster said it plans to file one more amended report and then it will be current with all SEC filings. The company terminated its GC, Myron Olesnyckyj, in November as a result of the investigation.
December 14, 2006 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Job search Web site operator Monster Worldwide said Wednesday it filed restated financial statements to include charges related to an investigation into its stock-option granting.
Restated financials include a cumulative charge of $339.6 million, or $271.9 million including a $67.7 million income tax benefit on stock options granted between 1997 and March 31, 2003.
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