Press Release
| August 24, 2009
SEC Drops Backdating Investigation Against Former Pixar CFO
(Washington DC, August 24, 2009) – The Securities and Exchange Commission has dropped a stock option backdating investigation against Ann Mather, the former chief financial officer of Pixar Animation Studios and a current Google Inc. board member. Mather, along with two other former Pixar employees, was represented by Partners Timothy Coleman and Mark Radke in the Washington, DC office, and Associates Rebecca Lesser and Teresa Chen in New York.
In April 2008, a regional SEC office recommended that the agency take civil action against Mather, accusing her of improper dating of stock option grants at the filmmaker when it was still an independent company. Pixar now is owned by Walt Disney Co.
The SEC issued a statement that said it would no longer be pursuing the matter.
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