Analog Devices & CEO Pay $4 Million

     WASHINGTON (CN) – Analog Devices will pay $3 million and its CEO Jerald Fishman will pay $1 million and disgorge another $450,000 to settle charges of backdating stock options and filing false financial reports, the SEC said in announcing settlement of the federal charges.

     Fishman backdated stock options for himself and other Analog executives from 1998 through 2002 and did not disclose it, the Sec said. The book-juggling “resulted in $30.7 million in compensation costs ($21.8 million net of tax) that the company failed to properly expense in its financial statements,” the SEC said.

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