Tuesday, August 8, 2006

THQ Receives SEC Inquiry On Stock Options

Agoura Hills-based THQ said Monday that it has received an informal inquiry from the Securities and Exchange Commission on its stock option grant practices, making it the second Southern California game firm under scrutiny by the SEC. The firm said that the SEC is requesting certain documents and information relating to the company's tock option grant practices from January 1, 1996 to the present. THQ said it intends to cooperate fully with all matters related to the request. The disclosure follows a similar disclosure last week by Santa Monica-based Activision. THQ said that it was already in the process of conducting a voluntary internal review of its options practices. THQ is a publisher and developer of entertainment software for both game sytsems and personal computers.