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The AAO Weblog covers accounting issues and current events as they relate the practice of investment analysis. All posts prior to September, 2007 are in the public domain, but after September 4, only subscribers to The Analyst's Accounting Observer will see all posts going forward. Only selected, occasional posts will be released to the public domain from September 4 forward.

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Posted by: Jack Ciesielski 1/21/2005 11:47 AM
Over the next six months, I believe that we'll be seeing a flood of companies using the "accelerated vesting of options" shtick to void much of Statement 123(Revised)'s impact on earnings.

Would such transactions have ever been devised if Statement 123(Revised) didn't come to pass? I sincerely doubt it. If they are so necessary to "incentivize" personnel, why didn't these kinds of transactions occur before Statement 123(Revised) was released?

In terms of reporting financial events, the notices of material modifications to contracts given by the following companies in their 8-Ks and 10-Qs are the reporting of transactions that have been undertaken by them most likey in order to avoid reporting of other financial events (granting of stock options as compensation.)

What a system!

The list will (hopefully) be updated on an occasional basis, as time permits. Counted so far: 30 companies.


    The List:

Acxiom
Applera Corp.
Brooks Automation
Cabot Microelectronics
Cellu Tissue Holdings
Comcast
Cooper Cameron
Cygnus
Dow Jones
Encore Medical
Entegris
E-Z Em Inc.
Gannett*
Greg Manning Auctions Inc.
HCA
ICU Medical
Infocus Corp.
Ivax
Linear Technology Corp.
LKQ Corp
Martek Biosciences Corp.
McKesson
MKS Instruments
NCRIC Group
PSS World Medical
Radisys Corp.
Sonic Innovations
UTStarcom
Waters Corp.
Wisconsin Electric Power
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* Shares owned by the author, members of his family, and asset management clients of R.G. Associates, Inc.
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