Trident Microsystems controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
Back to profile3 entries
2011
Derivative shareholder litigation settlement
Trident settled a derivative action brought by shareholders in connection with the former CEO and the stock-option controversy. The settlement resulted in a payment to the company.
2010
SEC settlement over alleged option backdating
The SEC announced settlements involving Trident’s former CEO and former chief accounting officer concerning alleged illegal backdating of stock options covering the period from 1993 through 2006. The former CEO agreed to a five-year bar from serving as an officer or director of an SEC-registered company and to monetary payments.
2006
Stock-option dating investigation
A special committee investigated the dating of stock-option grants. The investigation led to the resignation of Trident’s founding chairman and CEO, the departure of additional senior personnel, and announced restatements of historical results to recognize stock-based compensation charges.