Take-Two CFO Resigns; Company Regains Nasdaq Compliance

Authored by Mark Hefflinger on April 10, 2007 - 1:27pm.

New York - Days after a group of dissident shareholders ousted the CEO and five of six board members at game publisher Take-Two Interactive, the company's chief financial officer has resigned.

Take-Two CFO Karl Winters was replaced by Lainie Goldstein -- the company's senior vice president of finance -- on an interim basis while a permanent replacement can be found.

New York-based Take-Two, which has endured controversies related to its stock options granting practices and violent and sexually explicit content in its games, also announced that it has regained compliance with the Nasdaq's listing requirements.

"We are pleased to put this issue behind us," said newly appointed Take-Two CEO Ben Feder.

"The new management team and board of directors intend to resolve all outstanding regulatory issues as quickly and effectively as possible."

Take-Two announced last week that it is under formal investigation by the SEC over its stock options practices.

 

Related Links:
http://biz.yahoo.com/bw/070409/20070409005870.html?.v=1

http://biz.yahoo.com/bw/070410/20070410005602.html?.v=1

http://www.take2games.com

tags: Games | Moves | Take-Two | SEC | Backdating |

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