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Article: SMSC Announces Stock Option Grants - Correction; Corrects Aggregate Number of Stock Options and Restricted Stock Grants, and Number of Employees Receiving Grants.(Correction notice)
- Article from:
- Business Wire
- Article date:
- May 5, 2006
CopyrightCOPYRIGHT 2006 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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HAUPPAUGE, N.Y. -- On April 21, 2006, SMSC (Nasdaq: SMSC) announced that, as an inducement to entering into employment with the Company, stock option and restricted stock grants covering an aggregate of 146,750 shares, all valued based on the closing price per share of SMSC common stock on April 21, 2006, had been granted to 30 newly hired individuals employed in positions ranging from production operator to divisional vice president. The correct aggregate number of stock options and restricted stock grants was 102,750 shares to 19 newly hired individuals employed in positions ranging from production operator to divisional vice president. The prior notice of the ...