MDCO » Topics » Changes in Internal Control over Financial Reporting

These excerpts taken from the MDCO 10-K filed Mar 2, 2009.
Changes in Internal Control Over Financial Reporting
 
No change in our internal control over financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act) occurred during the quarter ended December 31, 2008 that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.
 
Item 9B.   Other Information
 
On January 26, 2009, Catharine Newberry’s employment as our Senior Vice President and Chief Human Strategy Officer terminated, effective immediately. On February 19, 2009, we entered into a severance letter agreement, or the Severance Agreement, with Ms. Newberry, pursuant to which Ms. Newberry is entitled to receive the following severance benefits:
 
  •  a lump sum payment equal to one year of her current annual base salary, less all applicable statutory tax withholdings and deductions;
 
  •  a lump sum bonus payment in the amount of $53,865 earned in accordance with our annual cash bonus plan;
 
  •  for the shorter of a period of twelve months after the termination date or until Ms. Newberry commences employment with a new employer, reimbursement of COBRA health insurance premiums actually paid by Ms. Newberry and payment for reasonable outplacement services; and


68


Table of Contents

 
  •  accelerated vesting of all stock options that Ms. Newberry held immediately prior to termination which would have vested within one year after the termination date if Ms. Newberry had continued to be employed by us during such one-year period.
 
As part of the Severance Agreement, Ms. Newberry has also entered into a general release of us, including our affiliates, successors and assigns for all claims through the date of termination of her employment. Ms. Newberry remains subject to the non-compete, non-solicitation, confidentiality and related provisions of her invention and non-disclosure agreement and non-competition and non-solicitation agreement with us.
 
Changes in Internal Control Over Financial Reporting
 
No change in our internal control over financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act) occurred during the quarter ended December 31, 2008 that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.
 
Item 9B.   Other Information
 
On January 26, 2009, Catharine Newberry’s employment as our Senior Vice President and Chief Human Strategy Officer terminated, effective immediately. On February 19, 2009, we entered into a severance letter agreement, or the Severance Agreement, with Ms. Newberry, pursuant to which Ms. Newberry is entitled to receive the following severance benefits:
 
  •  a lump sum payment equal to one year of her current annual base salary, less all applicable statutory tax withholdings and deductions;
 
  •  a lump sum bonus payment in the amount of $53,865 earned in accordance with our annual cash bonus plan;
 
  •  for the shorter of a period of twelve months after the termination date or until Ms. Newberry commences employment with a new employer, reimbursement of COBRA health insurance premiums actually paid by Ms. Newberry and payment for reasonable outplacement services; and


68


Table of Contents

 
  •  accelerated vesting of all stock options that Ms. Newberry held immediately prior to termination which would have vested within one year after the termination date if Ms. Newberry had continued to be employed by us during such one-year period.
 
As part of the Severance Agreement, Ms. Newberry has also entered into a general release of us, including our affiliates, successors and assigns for all claims through the date of termination of her employment. Ms. Newberry remains subject to the non-compete, non-solicitation, confidentiality and related provisions of her invention and non-disclosure agreement and non-competition and non-solicitation agreement with us.
 
Changes
in Internal Control Over Financial Reporting



 



No change in our internal control over financial reporting (as
defined in
Rules 13a-15(f)
and
15d-15(f)
under the Exchange Act) occurred during the quarter ended
December 31, 2008 that has materially affected, or is
reasonably likely to materially affect, our internal control
over financial reporting.


 















Item 9B.  

Other
Information



 



On January 26, 2009, Catharine Newberry’s employment
as our Senior Vice President and Chief Human Strategy Officer
terminated, effective immediately. On February 19, 2009, we
entered into a severance letter agreement, or the Severance
Agreement, with Ms. Newberry, pursuant to which
Ms. Newberry is entitled to receive the following severance
benefits:


 




































  • 

a lump sum payment equal to one year of her current annual base
salary, less all applicable statutory tax withholdings and
deductions;
 
  • 

a lump sum bonus payment in the amount of $53,865 earned in
accordance with our annual cash bonus plan;
 
  • 

for the shorter of a period of twelve months after the
termination date or until Ms. Newberry commences employment
with a new employer, reimbursement of COBRA health insurance
premiums actually paid by Ms. Newberry and payment for
reasonable outplacement services; and





68





Table of Contents





 
















  • 

accelerated vesting of all stock options that Ms. Newberry
held immediately prior to termination which would have vested
within one year after the termination date if Ms. Newberry
had continued to be employed by us during such one-year period.


 



As part of the Severance Agreement, Ms. Newberry has also
entered into a general release of us, including our affiliates,
successors and assigns for all claims through the date of
termination of her employment. Ms. Newberry remains subject
to the non-compete, non-solicitation, confidentiality and
related provisions of her invention and non-disclosure agreement
and non-competition and non-solicitation agreement with us.


 




Changes
in Internal Control Over Financial Reporting



 



No change in our internal control over financial reporting (as
defined in
Rules 13a-15(f)
and
15d-15(f)
under the Exchange Act) occurred during the quarter ended
December 31, 2008 that has materially affected, or is
reasonably likely to materially affect, our internal control
over financial reporting.


 















Item 9B.  

Other
Information



 



On January 26, 2009, Catharine Newberry’s employment
as our Senior Vice President and Chief Human Strategy Officer
terminated, effective immediately. On February 19, 2009, we
entered into a severance letter agreement, or the Severance
Agreement, with Ms. Newberry, pursuant to which
Ms. Newberry is entitled to receive the following severance
benefits:


 




































  • 

a lump sum payment equal to one year of her current annual base
salary, less all applicable statutory tax withholdings and
deductions;
 
  • 

a lump sum bonus payment in the amount of $53,865 earned in
accordance with our annual cash bonus plan;
 
  • 

for the shorter of a period of twelve months after the
termination date or until Ms. Newberry commences employment
with a new employer, reimbursement of COBRA health insurance
premiums actually paid by Ms. Newberry and payment for
reasonable outplacement services; and





68





Table of Contents





 
















  • 

accelerated vesting of all stock options that Ms. Newberry
held immediately prior to termination which would have vested
within one year after the termination date if Ms. Newberry
had continued to be employed by us during such one-year period.


 



As part of the Severance Agreement, Ms. Newberry has also
entered into a general release of us, including our affiliates,
successors and assigns for all claims through the date of
termination of her employment. Ms. Newberry remains subject
to the non-compete, non-solicitation, confidentiality and
related provisions of her invention and non-disclosure agreement
and non-competition and non-solicitation agreement with us.


 




Changes
in Internal Control Over Financial Reporting



 



No change in our internal control over financial reporting (as
defined in
Rules 13a-15(f)
and
15d-15(f)
under the Exchange Act) occurred during the quarter ended
December 31, 2008 that has materially affected, or is
reasonably likely to materially affect, our internal control
over financial reporting.


 















Item 9B.  

Other
Information



 



On January 26, 2009, Catharine Newberry’s employment
as our Senior Vice President and Chief Human Strategy Officer
terminated, effective immediately. On February 19, 2009, we
entered into a severance letter agreement, or the Severance
Agreement, with Ms. Newberry, pursuant to which
Ms. Newberry is entitled to receive the following severance
benefits:


 




































  • 

a lump sum payment equal to one year of her current annual base
salary, less all applicable statutory tax withholdings and
deductions;
 
  • 

a lump sum bonus payment in the amount of $53,865 earned in
accordance with our annual cash bonus plan;
 
  • 

for the shorter of a period of twelve months after the
termination date or until Ms. Newberry commences employment
with a new employer, reimbursement of COBRA health insurance
premiums actually paid by Ms. Newberry and payment for
reasonable outplacement services; and





68





Table of Contents





 
















  • 

accelerated vesting of all stock options that Ms. Newberry
held immediately prior to termination which would have vested
within one year after the termination date if Ms. Newberry
had continued to be employed by us during such one-year period.


 



As part of the Severance Agreement, Ms. Newberry has also
entered into a general release of us, including our affiliates,
successors and assigns for all claims through the date of
termination of her employment. Ms. Newberry remains subject
to the non-compete, non-solicitation, confidentiality and
related provisions of her invention and non-disclosure agreement
and non-competition and non-solicitation agreement with us.


 




Changes
in Internal Control Over Financial Reporting



 



No change in our internal control over financial reporting (as
defined in
Rules 13a-15(f)
and
15d-15(f)
under the Exchange Act) occurred during the quarter ended
December 31, 2008 that has materially affected, or is
reasonably likely to materially affect, our internal control
over financial reporting.


 















Item 9B.  

Other
Information



 



On January 26, 2009, Catharine Newberry’s employment
as our Senior Vice President and Chief Human Strategy Officer
terminated, effective immediately. On February 19, 2009, we
entered into a severance letter agreement, or the Severance
Agreement, with Ms. Newberry, pursuant to which
Ms. Newberry is entitled to receive the following severance
benefits:


 




































  • 

a lump sum payment equal to one year of her current annual base
salary, less all applicable statutory tax withholdings and
deductions;
 
  • 

a lump sum bonus payment in the amount of $53,865 earned in
accordance with our annual cash bonus plan;
 
  • 

for the shorter of a period of twelve months after the
termination date or until Ms. Newberry commences employment
with a new employer, reimbursement of COBRA health insurance
premiums actually paid by Ms. Newberry and payment for
reasonable outplacement services; and





68





Table of Contents





 
















  • 

accelerated vesting of all stock options that Ms. Newberry
held immediately prior to termination which would have vested
within one year after the termination date if Ms. Newberry
had continued to be employed by us during such one-year period.


 



As part of the Severance Agreement, Ms. Newberry has also
entered into a general release of us, including our affiliates,
successors and assigns for all claims through the date of
termination of her employment. Ms. Newberry remains subject
to the non-compete, non-solicitation, confidentiality and
related provisions of her invention and non-disclosure agreement
and non-competition and non-solicitation agreement with us.


 




Changes in Internal Control over Financial Reporting

 

No change in our internal control over financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act) occurred during the quarter ended September 30, 2008 that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

 

This excerpt taken from the MDCO 10-Q filed Aug 11, 2008.

Changes in Internal Control over Financial Reporting

 

No change in our internal control over financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act) occurred during the quarter ended June 30, 2008 that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

 

This excerpt taken from the MDCO 10-Q filed May 12, 2008.

Changes in Internal Control over Financial Reporting

 

No change in our internal control over financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act) occurred during the quarter ended March 31, 2008 that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

 

These excerpts taken from the MDCO 10-K filed Feb 29, 2008.

Changes in Internal Control Over Financial Reporting

        No change in our internal control over financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act) occurred during the quarter ended December 31, 2007 that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

Changes in Internal Control Over Financial Reporting





        No change in our internal control over financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act)
occurred during the quarter ended December 31, 2007 that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.



This excerpt taken from the MDCO 10-Q filed Nov 8, 2007.

Changes in Internal Control over Financial Reporting

 

No change in our internal control over financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act) occurred during the quarter ended September 30, 2007 that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

 

28



 

This excerpt taken from the MDCO 10-Q filed Aug 9, 2007.

Changes in Internal Control over Financial Reporting

No change in our internal control over financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act) occurred during the quarter ended June 30, 2007 that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

25




This excerpt taken from the MDCO 10-Q filed May 9, 2007.

Changes in Internal Control over Financial Reporting

No change in our internal control over financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act) occurred during the quarter ended March 31, 2007 that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

19




This excerpt taken from the MDCO 10-K filed Mar 1, 2007.

Changes in Internal Control Over Financial Reporting

No change in our internal control over financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act) occurred during the quarter ended December 31, 2006 that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

This excerpt taken from the MDCO 10-K filed Mar 15, 2006.

Changes in Internal Control Over Financial Reporting

No change in our internal control over financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act) occurred during the fourth quarter or fiscal year ended December 31, 2005 that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

This excerpt taken from the MDCO 10-K filed Mar 14, 2005.

Changes in Internal Control Over Financial Reporting

No change in our internal control over financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act) occurred during the fourth quarter or fiscal year ended December 31, 2004 that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki