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Asyst Technologies( ASYT) shares tumbled in late trading Tuesday after the chip-equipment manufacturer became the latest company to disclose an inquiry into its past stock-option grants.

Asyst said it would delay filing its annual report while a special committee of independent directors conducts an inquiry into its past option grants and practices. In addition, Asyst said it had received a letter from the

Securities and Exchange Commission

on June 7 seeking documents relating to stock options granted from 1997 to the present. Asyst said it anticipates that its inquiry will be completed in time to enable the company to file the report on or before June 29. Shares sank 63 cents, or 10%, to $5.63 after hours.

Another company,

Meade Instruments


, said late Tuesday that it received notification of an informal SEC inquiry related to stock-option practices. Meade said last month that its audit committee had begun its own review into its grant practices.

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