Verint Systems (VRNT) Receives Formal Order of Investigation from the SEC
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In Today's 8-K Filing From Verint Systems (OTC: VRNT): On October 27, 2006, Witness Systems, Inc. (subsequently renamed Verint Americas Inc.) received notice from the Securities and Exchange Commission ("SEC") of an informal non-public inquiry relating to the stock option grant practices of Witness from February 1, 2000 through the date of the notice. Verint Systems Inc. acquired Witness on May 25, 2007.
On July 12, 2007 the Company received a copy of the Formal Order of Investigation from the SEC. The Company believes that the focus of the formal investigation is substantially the same as the informal inquiry The Company and Witness have fully cooperated, and intend to continue to fully cooperate, with the SEC regarding this matter.
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