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.