Asyst stock-option restatement costs $19M

October 9, 2006 – Asyst Technologies Inc. says it has completed its inquiry relating to past stock option grants and practices from 1995-2006, and will report approximately $19 million for the aggregate financial impact resulting from incorrect measurement dates and other stock option-related errors. The impact to translate to increased net losses in fiscal years 2002-2003 and 2005-2006, but will reduce the net loss in fiscal 2004.

Asyst also notified that all financial statements for periods before fiscal 2002 should not be relied upon, but said the last option grant for which the measurement date was found to be in error was from Feb. 2004. Also, the company said special committee of independent board members concluded that “none of the incorrect measurement dates was the result of fraud, and found no evidence raising any concerns about the integrity of current management.”


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