[UPDATE3] Tesla's Gen Counsel Jon Sobel Inexplicably and Abruptly Resigned Last Month* - Tesla Files $100M IPO
[UPDATE3] Did Chaosunplugged's exposure of the certain alleged/potential violations of Section 406 of the Sarbanes-Oxley Act of 2002 and SEC Rule10b-5 cause Geeknet's (LNUX) Former President, Group Media, Jonathan Sobel's [abrupt] and undisclosed (at the time of departure) departure from Tesla?
Tesla Motors has just registered with the SEC for a $100M IPO...it's S-1 Registration Statement states in multiple footnotes that "...Mr. Sobel resigned as our General Counsel in December 2009...". Sobel's base salary for 2009 was $300,000, and was granted 400,000 shares on October 21, 2009.
*Sobel abruptly left Geeknet on September 25th, 2009 to join Tesla Motors as their General Counsel. Sobel announced his pending departure from Geeknet on August 31st.** Tesla's S-1 states that Sobel's hire date was in August.
** (August 31) Breaking News...SourceForge, Inc.(LNUX) Announces Departure of Jon Sobel, Group President, Media. SEC FORM 8K filed August 30th, 2009
Q: Why wasn't Sobel's inexplicably sudden departure from Tesla Motors not a material fact hence appropriately fully disclosed, esp given it occurred pursuant to Sobel's specific hiring to engineer Tesla's IPO ? Could this be an [alleged] Sarbanes Oxley, Rule 10b-5 violation in itself?