10-K/APeriod: FY2002

ADOBE INC. Annual Report (Amendment), Year Ended Nov 29, 2002

Filed March 28, 2003For Securities:ADBE

Summary

This filing represents an amendment to Adobe Inc.'s (ADBE) 2002 10-K filing, specifically addressing the inclusion of Section 906 certifications under the Sarbanes-Oxley Act of 2002. The original filing inadvertently contained duplicate Section 302 certifications. The amendment ensures compliance with the new regulatory requirements for executive certifications regarding the accuracy and completeness of financial reporting. For investors, this amendment highlights Adobe's commitment to regulatory compliance and good corporate governance following the implementation of the Sarbanes-Oxley Act. While this specific filing does not contain new financial performance data, it underscores the company's adherence to enhanced disclosure standards. Investors should note that the CEO and CFO have certified the accuracy of the financial statements and the effectiveness of internal controls, a critical aspect for maintaining confidence in the company's reporting integrity.

Key Highlights

  • 1Amendment No. 1 to the 10-K for the fiscal year ended November 29, 2002, filed on March 27, 2003.
  • 2The amendment includes the required Section 906 certifications from the CEO and CFO under the Sarbanes-Oxley Act of 2002.
  • 3This filing corrects an inadvertent error where duplicate Section 302 certifications were included in the original filing instead of the Section 906 certifications.
  • 4Both the CEO, Bruce R. Chizen, and the CFO, Murray J. Demo, have provided certifications regarding the accuracy of the financial statements and the effectiveness of disclosure controls and procedures.
  • 5The filing confirms Adobe is an 'accelerated filer' as defined by Rule 12b-2 of the Act.
  • 6As of January 24, 2003, Adobe had approximately 231,074,795 shares of common stock issued and outstanding.
  • 7The aggregate market value of common stock held by non-affiliates on May 31, 2002, was approximately $1.46 billion.

Frequently Asked Questions

This filing is an amendment (10-K/A) to Adobe's annual report for the fiscal year ended November 29, 2002. Its main purpose is to correctly file the Section 906 certifications of the CEO and CFO, as mandated by the Sarbanes-Oxley Act of 2002, which were inadvertently omitted or incorrect in the original 10-K filing.

The Sarbanes-Oxley Act of 2002 introduced new requirements for corporate governance and financial reporting. Section 906 requires the CEO and CFO to certify that the financial reports comply with SEC regulations and fairly present the company's financial condition and results of operations. For investors, these certifications provide an added layer of assurance regarding the integrity and accuracy of the financial information being reported by management.

No, this amendment does not introduce new financial performance data. It solely serves to correct and supplement the original 10-K filing by including the proper certifications required by the Sarbanes-Oxley Act. Investors should refer to the original 10-K filing or subsequent filings for detailed financial performance information.

Being an 'accelerated filer' means that Adobe meets certain criteria related to market capitalization and filing history. Accelerated filers are generally subject to more frequent and rigorous SEC reporting requirements, including filing their annual reports on Form 10-K and quarterly reports on Form 10-Q within shorter timeframes compared to non-accelerated filers. This indicates a certain level of financial maturity and transparency expected by regulators.