THQ Regains Nasdaq Compliance

Video game publisher THQ Inc. was given permission Tuesday to re-list on the Nasdaq Stock Market. To be in compliance, the Agoura Hills-based company filed on Jan. 19 its quarterly report for the period ending Sept. 30, 2006 and amended its annual report for the period ending March 31, 2006. In November, the company received a letter of non-compliance from Nasdaq because it was later in filing its financial results for the period ending Sept. 30. THQ was late in filing those results due to a review of the company’s historical stock option grant practices by a special committee of the board. On Jan. 9, the company reported the special committee had found no evidence of fraud or wrongdoing in connection with stock option grant practices but did find documentation lacking in some instances and that incorrect measurement dates were used for financial accounting and reporting purposes.