Google board member and former chief financial officer for Pixar, Ann Mather, is facing civil action from the US Securities and Exchange Commission (SEC) for her role in a stock options backdating scandal at the animation company.
The action follows a series of events that date from when Apple CEO Steve Jobs was also in control of Pixar, it’s the second time Jobs has been involved in a company that has become involved in backdating charges.
Ms. Mather was chief financial officer at Pixar from 1999 to 2004, Google said.
News of the action emerged in a Google regulatory filing. Mather has been a non-executive director at Google since 2005 and was told last week that the SEC’s LA office plans to recommend civil action be taken against her for her part in the case.
US SEC investigators have been examining the circumstances under which high-ranking Pixar executives, including Mather and animation guru John Lasseter received favourable stock options grants. Disney has said its own investigations found no one “currently associated” with Disney had engaged in any deliberate misconduct.