Charter 2005 Annual Report Download - page 82

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CHARTER COMMUNICATIONS, INC. 2005 FORM 10-K
MANAGEMENT’S REPORT ON INTERNAL CONTROL OVER FINANCIAL 2005. In making this assessment, we used the criteria set forth
REPORTING by the Committee of Sponsoring Organizations of the Treadway
Commission (COSO) in Internal Control — Integrated Framework.
Charter’s management is responsible for establishing and main- Based on management’s assessment utilizing these criteria we
taining adequate internal control over financial reporting (as believe that, as of December 31, 2005, our internal control over
defined in Rule 13a-15(f) under the Securities Exchange Act of financial reporting was effective.
1934, as amended). Our internal control system was designed to Our independent auditors, KPMG, LLP have audited
provide reasonable assurance to Charter’s management and management’s assessment of our internal control over financial
board of directors regarding the preparation and fair presenta- reporting as stated in their report on page F-3.
tion of published financial statements.
Charter’s management has assessed the effectiveness of our
internal control over financial reporting as of December 31,
ITEM 9B. OTHER INFORMATION.
Robert A. Quigley, Executive Vice President and Chief Marketing Officer, and Charter executed an offer letter dated as of
November 22, 2005 pursuant to which Charter agreed to pay him a signing bonus of $200,000 deferred until January 2006; grant
options to purchase 145,800 shares of Class A common stock under our 2001 Stock Incentive Plan; 83,700 performance shares under
our 2001 Stock Incentive Plan; and 50,000 shares of restricted stock which will vest over a three year period. For a description of
Mr. Quigley’s employment agreement, see ‘‘Item 10. Directors and Executive Officers of Registrant — Employment Arrangements and
Related Agreements.’’
72