NEW YORK (AFX) - Monster Worldwide said Tuesday it filed its report for the quarter ended Sept. 30 with the Securities and Exchange Commission, bringing the parent company of job listings site Monster.com in compliance with Nasdaq listing requirements.
The report brings the company up to date on its filings, Monster said.
On Dec. 13, the company filed an amended 2005 annual report, an amended report for the quarter ended March 31, and a report for the quarter ended June 30, 2006.
These restatements, and previously filed restatements, stem from an internal probe of backdating of stock option grants. In October, the company said the investigation uncovered pricing problems with some stock option grants. The problem affected periods as far back as 1997.
Monster also said it approved cash payments to former employees for approximately 230,000 vested options that expired while the company's stock options plan was suspended, during the period that the company was not current in its SEC filings.
Monster expects to record a one-time expense of about $5 million during the fourth quarter of this year for those payments and associated payroll taxes.
Monster shares rose 13 cents to close at $46.33.
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