Hansen Admits to Options Error

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Hansen Natural Corp. admitted in a filing Thursday that it “inadvertently” issued stock options to a director in 2004, four months after the options plan had expired.


The Corona-based drink distributor said it may have violated rules of the Nasdaq stock exchange in giving the unnamed director options to purchase 12,000 shares in November 2004.


Hansen has been delinquent in filing its third-quarter earnings from last November, pending the outcome of an investigation of its stock-options awards.

On Oct. 31 the Securities and Exchange Commission requested that the company provide documents and information about its past stock grants. The company appointed an internal committee to look into the grants, dating back to 1996.


Shares in Hansen were down 50 cents to $37.50 in midday trading Thursday.

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