Sec, Electronics | featured news

If you happened to peruse the annual report Microsoft filed with the U.S. Securities and Exchange Commission (SEC) this week, you may notice that a rather obvious little bit of news was confirmed in the documents: That the Redmond-based company's Surface tablets will hit shelves on Oct. 26, along with Windows 8.

A new Microsoft SEC filing published late Thursday revealed that the company punished its CEO Steve Ballmer for his inability to turn around the company's struggling mobile efforts so far. The proxy statement notes that his total compensation of $1.35 million, including a $670,000 base salary and a matching bonus, was lower than in 2008 due to the "unsuccessful launch of the Kin" and "a loss of market share" for Windows Mobile. The Compensation Committee singled out the absence of a real Windows tablet rival through a need to "take advantage of new form factors."

Internet retailer Newegg Inc. plans an initial public offering of stock worth up to $175 million, according to a filing with the Securities & Exchange Commission.