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Brooks Automation, SEC settle investigation

By Associated Press
May 19, 2008 | Comments (0)

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Chip equipment maker Brooks Automation Inc. said Monday it resolved a federal investigation into its historical stock option granting practices.

Brooks, which did not admit or deny any allegations in the Securities and Exchange Commission complaint, said it consented "to the entry of a judgment enjoining future violations of the reporting, books and records, and internal controls provisions of the federal securities laws."

The option grants in question were made between 1999 and 2001.

Brooks was not required to pay any civil penalty or other money damages as part of the settlement.

Shares rose 35 cents, or 3.5 percent, to $10.35 in afternoon trading.

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