Green Mountain Coffee Roasters issues statement regarding SEC insider trading action against former employee

The Securities and Exchange Commission (SEC), based in Waterbury, announced today that it has filed a civil enforcement action against former Green Mountain Coffee Roasters, Inc (NASDAQ: GMCR) employee Chad McGinnis, and others outside the company, alleging insider trading in the stock of GMCR. GMCR said in a statement that it was recently advised of the government's investigation into McGinnis' activity and is cooperating fully with the government's investigation. McGinnis was a manager-level member of the Company's IT department and has been terminated for violations of the Company's insider trading policy. There has been no allegation of wrongdoing on behalf of the Company.
"We are appalled at the alleged actions of this individual," said Brian P. Kelley, GMCR's President and CEO. "All indications are that this case involves an irresponsible individual acting alone and we have no reason to believe anyone else associated with the Company was involved. GMCR requires all employees and Directors to adhere to our code of ethics and our insider trading policy. The alleged conduct of this individual is in violation of these policies, and goes against our culture, our values and everything the employees of GMCR stand for."
About Green Mountain Coffee Roasters, Inc.
As a leader in specialty coffee and coffee makers, Green Mountain Coffee Roasters, Inc. (GMCR) (NASDAQ: GMCR), is recognized for its award-winning coffees, innovative Keurig® Single Cup brewing technology, and socially responsible business practices. GMCR supports local and global communities by investing in sustainably-grown coffee, and donating a portion of its pre-tax profits to social and environmental projects.
GMCR routinely posts information that may be of importance to investors in the Investor Relations section of its website, including news releases and its complete financial statements, as filed with the SEC. The Company encourages investors to consult this section of its website regularly for important information and news. Additionally, by subscribing to the Company's automatic email news release delivery, individuals can receive news directly from GMCR as it is released.
Source: Green Mountain Coffee Roasters, Inc. WATERBURY, Vt.--(BUSINESS WIRE)--8.2.2013