Mr. Stewart declined to comment and the channel's executives did not disclose the terms of the deal.

If a project is delayed, should the chief executive disclose it?

Soon after the vote, executives disclosed that they had formally closed the deal.

By the time the executives disclosed the sales six months later, the stock had begun a two-month decline that cut its value in half.

The executive did not disclose any terms but said the club planned to announce the deal tomorrow or Wednesday.

The announcement confirmed what executives with knowledge of the decision had disclosed late on Monday.

Corporate executives should disclose more quickly when they buy and sell their company's stock.

Compounding the fraud, he added, was the fact that the executives did not disclose the existence of the side letters until they were confronted.

The executives would not disclose the terms of the deal, but analysts estimated the bank could be sold for $7 billion, or $40 a share.

The store has 650,000 square feet, but executives will not disclose how much of that is given over to sales.