Backdating Investigation Delays Semtech 10-Q

Author:
Updated:
Original:

No one will be surprised to learn that Semtech won't file its 10-Q today. Recently the semi-conductor manufacturer came under scrutiny when it was discovered that it had repeated granted options to executives shortly before sharp rises in the share price. But now it's official. In a press release filed with the SEC moments ago, Semtech said it was delaying its 10-Q while it reviewed its options granting.
Semtech Press Release [SEC]

Related