kkd has cooked up quite a process to ensure that any accounting concerns are properly vetted, haven't they?
Our friend Murphy, governance czar and gatekeeper to the audit committee, holds no less than 326,000 options on kkd. I guess that doesn't constitute a conflict, huh?
The fox and the henhouse...
Did you notice that talk-the-talk "S" McCoy was late with his first two holdings filings:
Such officers, directors and shareholders are required by SEC regulations to furnish us with copies of all Section 16(a) forms they file. Based solely on a review of the copies of such forms furnished to us and written representations from our executive officers and directors, all persons subject to the reporting requirements of Section 16(a) filed the required reports on a timely basis, except for one late filing for each of the following members of Jubilee Investments Limited Partnership who are deemed to beneficially hold more than 10% of our common stock: John N. McAleer, Jeanne Sanderford, Shannon M. Silverman, Sandra M. Middlebrooks, Elizabeth Tillman and Patricia Dorgan (relating to gift distributions); one late filing for each of the following directors: Erskine Bowles (former director), Mary Davis Holt, Togo D. West, Jr., William T. Lynch, Robert L. Strickland, and Dr. Su Hua Newton (each relating to a grant of stock options); Scott A. Livengood (relating to one gift transaction) and Robert L. McCoy (relating to two sale transactions); two late filings for each of the following directors and executive officer: Robert S. McCoy, Jr. (one relating to initial statement of beneficial ownership and one relating to the grant of stock options), Frank E. Guthrie (one relating to exercising stock options and one relating to a purchase transaction), and James H. Morgan (one relating to an exercise of stock options and a sale transaction, and one relating to a grant of stock options), and Michael C. Phalen (one relating to initial statement of beneficial ownership and one relating to the grant of stock options).