Maxim Integrated Products, Inc. (PINKSHEETS: MXIM) today announced that it has reached a final settlement with the Securities and Exchange Commission (the "SEC") regarding the previously-disclosed SEC inquiry into Maxim's historical stock option granting practices.
Without admitting or denying the allegations in the SEC's complaint, Maxim has agreed to settle the charges by consenting to a permanent injunction against violations of the antifraud and certain other provisions of the federal securities laws. Maxim is not assessed with any penalty, fine, or money damages under the settlement agreement.
This settlement concludes the SEC's investigation into Maxim's historical stock option granting practices.
About Maxim -- Maxim Integrated Products is a leading international supplier of quality analog and mixed-signal products for applications that require real world signal processing.
Vice President, Senior Counsel
Executive Director, Investor Relations