Corinthian Colleges Reviewing Historic Stock Option Grants
12 Juillet 2006 - 3:30PM
PR Newswire (US)
SANTA ANA, Calif., July 12 /PRNewswire-FirstCall/ -- Corinthian
Colleges, Inc. (NASDAQ:COCO) has begun a voluntary internal review
of its historic stock option grants, dating back to the Company's
initial public offering in 1999. Corinthian initiated its review
following extensive news coverage and analyst reports about the
option granting practices of numerous companies. Corinthian's board
has established a special committee of independent directors to
review these matters and take any action deemed appropriate. The
special committee has retained independent counsel to assist with
its review. In addition, Corinthian has informed the Securities and
Exchange Commission of its review. The Company will provide a
public statement after the review is completed. About Corinthian
Colleges, Inc. Corinthian Colleges, Inc. is one of the largest
post-secondary education companies in North America, operating 97
schools in 25 states in the U.S. and 34 schools in seven provinces
in Canada. The Company's mission is to help students prepare for
careers that are in demand or advance in their chosen career.
Corinthian offers diploma programs and associate's, bachelor's, and
master's degrees in a variety of fields, including healthcare,
business, criminal justice, transportation maintenance, trades and
technology. Contacts: Investors: Anna Marie Dunlap SVP Investor
& Corporate Communications Corinthian Colleges, Inc.
714-424-2678 Media: Robert Jaffe Pondel Wilkinson, Inc.
310-279-5969 DATASOURCE: Corinthian Colleges, Inc. CONTACT:
Investors: Anna Marie Dunlap, SVP Investor & Corporate
Communications of Corinthian Colleges, Inc., +1-714-424-2678; or
Media: Robert Jaffe of Pondel Wilkinson, Inc., +1-310-279-5969, for
Corinthian Colleges, Inc.
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