SAN FRANCISCO As expected, fab gear supplier Brooks Automation Inc. Monday (July 31) restated its financial statements for the fiscal years 1996 through 2005 with the U.S. Securities and Exchange Commission.
Brooks (Chelmsford, Mass.) said it filed an amended form 10-K with the SEC for 2005 that included cumulative non-cash, pre-tax stock-based compensation expense of $64.5 million.
Brooks said it recorded a $1.8 million income tax benefit related to the $64.5 million in charges.
Brooks, like dozens of other high-tech companies, was implicated earlier this year in a swirling scandal over historical stock options granting practices. Brooks remains a target of investigations by the U.S. Department of Justice and SEC over options practices.
Brooks said it would hold a conference tall Tuesday morning to discuss the impact of the restatement contained in the filing and the schedule of future filings.