Navigation Links
KV Pharmaceutical Company Reports Results of Special Independent Committee Review of Stock Option Grants
Date:10/11/2007

ST. LOUIS, Oct. 11 /PRNewswire-FirstCall/ -- KV Pharmaceutical Company (NYSE: KVa/KVb) announced today the results of the independent investigation by the Special Committee of the Board of Directors concerning historical stock option granting practices and related accounting.

On October 11, 2007, KV's Board of Directors unanimously accepted a final report on the previously submitted findings on the internal investigation of the Company's historical stock option grant practices. The investigation was conducted by a Special Committee of independent board members appointed by the Company's Board of Directors with the assistance of independent legal counsel and forensic accounting experts engaged by the Special Committee.

The investigation concluded that no employee, officer or director of the Company engaged in any intentional wrongdoing or was aware that the Company's policies and procedures for granting and accounting for stock options were materially non-compliant with U.S. Generally Accepted Accounting Principles (GAAP). The investigation also found no intentional violation of law or accounting rules with respect to the Company's historical stock option granting practices. Further, the Special Committee found that the Company's stock option granting and accounting practices, beginning April 2, 2006 are appropriate.

The Special Committee, however, concluded that certain compensation expenses resulting from the historical stock option granting practices followed by the Company during the period between 1996 and 2006 were not recorded in accordance with U.S. GAAP because they reflected incorrect measurement dates for financial accounting purposes. The option granting practices consistently followed under the Company's procedures for administering the Incentive Stock Option Plans (the plans) consisted of granting options based on the lowest price between the award date and the end of the quarter for existing employees and the first date of empl
'/>"/>

SOURCE KV Pharmaceutical Company
Copyright©2007 PR Newswire.
All rights reserved

1

GOOD

Page: 1 2 3 4 5 6

Related medicine news :

1. South Africa Wins landmark case against pharmaceutical giants
2. Pharmaceutical giant offers AIDS related antifungal drug free to 50 countries
3. Pharmaceutical giant offers AIDS related antifungal drug free to 50 countries
4. Setting up a new pharmaceutical industry in India
5. Medicis Pharmaceutical company enters pediatric market
6. Supply of Radiopharmaceuticals Hampered by Attacks
7. Pharmaceutical companies are targeting patients
8. FDA approves Watson Pharmaceuticals Oxytrol patch
9. Ranbaxy Pharmaceuticals Inc awarded the prestigious outstanding supplier award received from Wal-Mart
10. Indian Pharmaceutical Industries Stops Manufacturing And Sale Of Valdecoxib
11. Pharmaceutical industries grant for R&D to be monitored
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/24/2013)... Routinely measuring fractional flow reserve (FFR) using pressure ... chest pain leads to significant changes in the ... results from a study reported at EuroPCR 2013. ... influence management strategy at coronary angiography for diagnosis ... whether routine assessment of FFR in all the ...
(Date:5/24/2013)... 2013 In a coup that surely made ... of the Estetica Institute of the Palm Beaches performed ... FM’s popular morning show, “The Mo & Sally Morning Show.” ... their satisfaction with the results, giving Dr. DeLange and the ... Palm Beach Gardens, very valuable free publicity. , Dr. DeLange, ...
(Date:5/24/2013)... Electric™ Energy Straws, an exciting new brand of on-the-go energy ... be the lead sponsor on Munoz’s Chevy #26 car at ... who is part of Andretti Autosports’ fantastic five racing team, ... to be named the 2013 Indy 500 Fastest Rookie Driver ... , While Munoz is grabbing headlines around the racing world ...
(Date:5/24/2013)... General Data Company Inc., a ... and data management products and solutions, has announced ... (TBS) of Durham, North Carolina, a leading manufacturer ... the clinical and research pathology marketplace. TBS will ... provides specialty products and solutions to hospitals, independent ...
(Date:5/24/2013)... presented today shows that formation of new neurons in ... importance in learning and remembering - could cause forgetting ... brain circuits. Drs. Paul Frankland and Sheena Josselyn, ... argue this reorganization could have the positive effect of ... for new learning. These results were presented at ...
Breaking Medicine News(10 mins):Health News:Diagnostic coronary angiography: Functional flow reserve changes decisions in 25 percent of cases 2Health News:Dr. Greg DeLange of the Estetica Institute Recently Performed Eye Surgery on Both Members of Popular Morning Radio Team 2Health News:Unistraw Electric™ Energy Straw Chevy Car Powers Indianapolis 500 Rookie Driver Carlos Munoz 2Health News:Unistraw Electric™ Energy Straw Chevy Car Powers Indianapolis 500 Rookie Driver Carlos Munoz 3Health News:General Data Acquires Triangle Biomedical Sciences 2Health News:General Data Acquires Triangle Biomedical Sciences 3Health News:New neuron formation could increase capacity for new learning, at the expense of old memories 2
... The International Association for Dental Research (IADR) announces Dr. ... Diseases (NIAID) at the National Institutes of Health in ... Dr. Fauci will be recognized at the 87th General ... 1, 2009. , In 1984, Dr. Fauci became director ...
... -- Thirty-seven scientists from Cold Spring Harbor Laboratory (CSHL) and ... have issued a major challenge to the neuroscience community. ... a just-published paper, to assemble a comprehensive map of the ... age in which the genomes of many organisms, including that ...
... Ga. A failing heart makes a lot of a ... the body but not enough of the enzyme needed to ... developed, Medical College of Georgia researchers found people in heart ... pro-ANP, or pro-atrial natriuretic peptide, a hormone made by heart ...
... Special Calling: Knowledge ... Leadership ... A Commitment to Caring ... With a majority of its nurses nearing retirement age, the ... members to respond to a new calling this April - ... and Continence Nurses Week, April 12 - 18, the Society ...
... SAN FRANCISCO, March 31 Pacific Fertility Center is ... preimplantation genetic diagnosis (PGD) and preimplantation genetic screening (PGS). ... and PGS. The use of this science for such ... for which it is used today. Pacific Fertility Center ...
... The not-for-profit LENA Foundation is putting ... of the Society of Research in Child Development (SRCD). ... talks and one poster will be presented based on ... )"This year,s SRCD is a great opportunity for our ...
Cached Medicine News:Health News:CSHL neuroscientists propose project to comprehensively map mammalian brain circuits 2Health News:CSHL neuroscientists propose project to comprehensively map mammalian brain circuits 3Health News:CSHL neuroscientists propose project to comprehensively map mammalian brain circuits 4Health News:CSHL neuroscientists propose project to comprehensively map mammalian brain circuits 5Health News:New tests provide new insight into why patients are in heart failure 2Health News:New tests provide new insight into why patients are in heart failure 3Health News:Wound, Ostomy & Continence Nurses Society Focuses On Preparing the Next Generation of Leaders 2Health News:Wound, Ostomy & Continence Nurses Society Focuses On Preparing the Next Generation of Leaders 3Health News:PGD Technology Offers More Than Designer Babies 2Health News:PGD Technology Offers More Than Designer Babies 3Health News:PGD Technology Offers More Than Designer Babies 4Health News:Five Research Studies at International SRCD Meeting in Denver Use Technology from Boulder Foundation 2Health News:Five Research Studies at International SRCD Meeting in Denver Use Technology from Boulder Foundation 3
(Date:5/23/2013)... OAKS, Calif. , May 23, 2013 Amgen ... Bank 38 th Annual  Healthcare Conference on Thursday, May ... Boston , beginning at 9:20 a.m. Eastern Daylight Time. ... Relations at Amgen, will present at the conference. Live audio ... on Amgen,s website, www.amgen.com , under Investors. A replay ...
(Date:5/23/2013)... -- A recently published clinical study conducted at TOPS Comprehensive ... demonstrates that 3D mammography (breast tomosynthesis) significantly reduces unnecessary ... The study, "Implementation of Breast Tomosynthesis in a Routine ... Stephen L. Rose , MD, and published ... of Roentgenology (AJR). The AJR is the scientific ...
(Date:5/23/2013)... Anthem Blue Cross patients with HIV/AIDS may ... to obtain their medications by mail order under a ... LLC.  The lawsuit, filed in January ... mandatory mail order program announced late last year illegally ... "This settlement brings to a close a nerve-racking ...
Breaking Medicine Technology:First Large-Scale U.S. Study Validates the Benefits of 3D Mammography (Breast Tomosynthesis) Exams 2First Large-Scale U.S. Study Validates the Benefits of 3D Mammography (Breast Tomosynthesis) Exams 3Blue Cross To Allow HIV/AIDS Patients to "Opt-Out" of Mandatory Mail-Order Rx Drug Program, Announces Consumer Watchdog 2Blue Cross To Allow HIV/AIDS Patients to "Opt-Out" of Mandatory Mail-Order Rx Drug Program, Announces Consumer Watchdog 3
... George Products Company, Inc. has announced the addition ... OASIS Inspection Systems. Florida Metrology, based ... OASIS Inspection Systems is a line of highly accurate ... control departments across the United States. Tim Row of ...
... Sutro Biopharma, a biopharmaceutical company developing both ... properties, today announced that it has appointed Trevor ... Hallam will lead Sutro,s ongoing efforts in the ... platform for the research and development of novel ...
Cached Medicine Technology:Florida Metrology To Distribute OASIS Inspection Systems 2Sutro Biopharma Appoints Trevor Hallam, Ph.D., as Chief Scientific Officer 2
... Stand Magnifier offers versatility across a ... lens and the light are adjustable. ... hand held objects can be worked ... parallel to the work surface, lay ...
Bausch & Lomb magnifiers incorporates precision optics and patented ergonomic designs for increased clarity and comfort during use....
... Central platform with integrated neck. Piston ... an internal spring to recoil to ready ... precision milled cavity in platform. Accepts disposable ... Designed for the use in in the ...
... TLS Surgical Markers allows ... incision sites with a scrub-resistant, ... Surgical Markers are provided sterile, ... individually packaged in peel pouches. ...
Medicine Products: