Blue Coat Systems is losing its chief financial officer, Kevino Royal, who is going green by joining Maxwell Technologies, the San Diego maker of energy storage and power delivery systems.
Royal, 44, has been with the Sunnyvale network security company since since 2005, taking over from Bob Verheecke, who was later charged, Read the rest of this entry »
The Securities and Exchange Commission today charged Blue Coat Systems and its former chief financial officer Robert Verheecke, alleging that they backdated stock option grants to executives and employees and reported false financial information to shareholders.
The complaint against the Sunnyvale network security company and its ex-CFO alleges that Read the rest of this entry »
Blue Coat Systems, the Sunnyvale provider of Web site security systems, revealed today that the Securities and Exchange Commission, which had been conducting an informal investigation into the company’s historical stock option granting practices, has now begun a formal “nonpublic investigation” into the matter, and has issued a subpoena to a “former officer” with the
company.
And who might that former officer be? Read the rest of this entry »
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