FASB Will Hold Press Conference Today to Announce Final Statement on Accounting for Share-Based Payment

Norwalk, CT, December 16, 2004—The Financial Accounting Standards Board will conduct a press conference today for news media at 2:00p.m. EST, via telephone, to announce the issuance of and respond to questions on FASB Statement 123 (revised 2004) Share-Based Payment.

FASB participants will be Robert H. Herz, FASB Chairman; Michael Crooch, FASB member and Board collaborator on the project; and Michael Tovey, project manager.

To register and obtain the call-in telephone number contact Katie Becker at, or call 203-847-0700, ext. 479. When registering please provide the name of participant(s) and affiliation.

About the Financial Accounting Standards Board

Since 1973, the Financial Accounting Standards Board has been the designated organization in the private sector for establishing standards of financial accounting and reporting. Those standards govern the preparation of financial reports and are officially recognized as authoritative by the Securities and Exchange Commission and the American Institute of Certified Public Accountants. Such standards are essential to the efficient functioning of the economy because investors, creditors, auditors and others rely on credible, transparent and comparable financial information. For more information about the FASB, visit our website at