SANTA CLARA, Calif., May 30, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- McAfee, Inc.
(NYSE: MFE), today announced that its Board of Directors has terminated the
employment of its General Counsel, Kent Roberts. The Company had previously
disclosed that it is reviewing prior practices in connection with grants of
employee stock options.
In connection with that review, the Company became aware of one episode
involving the General Counsel in 2000 that was improper. As a result, the
Board has terminated his employment. The Audit Committee is continuing the
review of other option granting practices and has retained independent counsel
to assist it in that effort. The Company has had communications on the
subject of option grants with staff of both the Securities & Exchange
Commission and the Justice Department.
About McAfee, Inc.
McAfee, Inc., headquartered in Santa Clara, California and the global
leader in Intrusion Prevention and Security Risk Management, delivers
proactive and proven solutions and services that secure systems and networks
around the world. With its unmatched security expertise and commitment to
innovation, McAfee empowers home users, businesses, the public sector, and
service providers with the ability to block attacks, prevent disruptions, and
continuously track and improve their security. www.mcafee.com.
NOTE: McAfee and Foundstone are either registered trademarks or
trademarks of McAfee, Inc. and/or its affiliates in the US and/or other
countries. The color red in connection with security is distinctive of McAfee
brand products. All other registered and unregistered trademarks in this
document are the sole property of their respective owners.
SOURCE McAfee, Inc.
press, Siobhan MacDermott, +1-415-299-2945, or Siobhan_macdermott@mcafee.com, or
investors, Kelsey Doherty, +1-917-842-0334, or Kelsey_doherty@mcafee.com, both of