Summary
Intuit Inc. (INTU) filed an 8-K report on June 29, 2006, primarily to furnish a press release regarding its historical stock option practices. The company is providing this information voluntarily and specifies that it is being furnished, not filed, meaning it will not be subject to the liabilities of Section 18 of the Securities Exchange Act of 1934, nor will it be incorporated into future SEC filings. This distinction is important for understanding the legal and reporting implications of the information presented. The core of this report is Exhibit 99.01, the press release itself, which details Intuit's review of its stock option granting procedures. Investors should note that the details of this review and its findings are contained within the press release, which is referenced but not fully disclosed in the 8-K body. The filing serves as a notification to the market about the existence and availability of this press release concerning a potentially sensitive area of corporate governance.
Key Highlights
- 1Intuit Inc. issued an 8-K filing on June 29, 2006.
- 2The filing's primary purpose was to furnish a press release regarding historical stock option practices.
- 3The press release is included as Exhibit 99.01 to the 8-K.
- 4The company explicitly states the information is furnished, not filed, under the Securities Exchange Act of 1934.
- 5This furnishing status limits liability under Section 18 of the Exchange Act and prevents automatic incorporation into other SEC filings.
- 6The report signals a review of stock option granting procedures by Intuit.