by: The National Center for Employee Ownership
Source: The National Center for Employee Ownership
The historical timeline published on the website of AMB Property Corporation informs viewers that, in 2002, the company became 'the first public company in several years to expense stock options.' Additionally, AMB's CEO, President, and CFO volunteered to certify their financials in advance of the SEC's requirement. As the dot.com bubble deflated into 2002, conditions for firms that offered employees equity compensation — namely options — proved difficult, especially with regulators eager to impose new standards. By adopting the expense recognition provisions of FAS 123 so early, AMB effectively reduced its administrative burden for handling equity compensation and built a base for consistent financial reporting.
Link: AMB Property Corporation
Publication Date: 2006-05-01