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Press Release

Stock Option Expensing


There has been an ongoing discussion, and at times a heated debate, regarding the proper accounting treatment for employee stock options granted by American companies. The attached paper is one of the most interesting discussions we have found on the subject addressing this important topic. The white paper is authored by Kip Hagopian, a friend of many years of Jack Kemp and our chairman, Floyd Kvamme. For those interested in a thorough discussion of the issues at hand, we would highly recommend this paper to you. We have also posted a condensed version but suggest the full paper if your time permits.

:: Stock Options (Full)
:: Stock Options (Condensed)