Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2006
Stock-option backdating investigation
The SEC conducted an informal investigation into certain ACS stock-option grants. ACS stated that executives had selected favorable historical dates during periods when the company’s share price was lower, increasing the value of the options. CEO Mark King and CFO Warren Edwards resigned, while former CEO Jeff Rich had retired earlier in the year.