Human Capital & Careers

NVIDIA Sheds SEC Options Probe

The chipmaker's audit committee had found that there were times when it used incorrect measurement dates for grants.
Stephen TaubOctober 31, 2007

The Securities and Exchange Commission has ended its probe into the stock-option practices of NVIDIA Corp. and taken no enforcement actions, the company reported.

The Santa Clara, Calif.-based chipmaker was one of more than 200 companies that had disclosed federal, regulatory, or internal investigations into how they granted and accounted for stock options, according to the Associated Press.

Last November , NVIDIA first warned that it would restate its financials for the fiscal years 2004 through 2006, some statements for earlier years, and the reports for the first quarter of fiscal 2007. The restatements were aimed at correct errors linked to accounting for stock-based compensation expense.

Earlier, the company’s audit committee found instances of the use of incorrect measurement dates for option grants.