Temporary Delisting
From October 2007 to October 2008, Maxim's common stock was delisted from the Nasdaq Stock Exchange due to the company's inability to file financial statements related to stock option backdating. Maxim's stock was traded over-the-counter and quoted on the Pink Sheets until the company completed its restatement in 2008. Maxim's CFO Carl Jasper resigned due to an investigation into the issue by Maxim's board of directors.
Maxim restated its earnings in September 2008 and was relisted on the Nasdaq Stock Exchange on October 8, 2008.
Read more about this topic: Maxim Integrated Products
Famous quotes containing the word temporary:
“When the doctrine of allegiance to party can utterly up-end a man’s moral constitution and make a temporary fool of him besides, what excuse are you going to offer for preaching it, teaching it, extending it, perpetuating it? Shall you say, the best good of the country demands allegiance to party? Shall you also say it demands that a man kick his truth and his conscience into the gutter, and become a mouthing lunatic, besides?”
—Mark Twain [Samuel Langhorne Clemens] (1835–1910)