SEC Recommends No Enforcement Action Against Former Cyberonics, Inc. Chairman & CEO Robert P. Cummins

Cyberonics, Inc‘s (CYBX) former Chairman and CEO Robert P. Cummins, today confirmed recently filed Form 10-Q for the quarter ended October 29, 2010 that he had received a closure letter from the Staff of the U.S. Securities and Exchange Commission [SEC] stating that it had completed its investigation of Cyberonics, Inc.’s stock option practices commenced on June 9, 2006 and that it does not intend to recommend any enforcement action against Mr. Cummins.

CYBX gained $1.18, or 3.95%, to $31.09 at 12:41 p.m. EST in Nasdaq composite trading.

Disclaimer: This page contains affiliate links. If you choose to make a purchase after clicking a link, we may receive a commission at no additional cost to you. Thank you for your support!

Be the first to comment

Leave a Reply

Your email address will not be published.


*

This site uses Akismet to reduce spam. Learn how your comment data is processed.