Apple delays SEC filing due to stock option investigation
Posted by Dennis Sellers 
Dec 15, 2006 at 7:51am
Apple has delayed filing its annual report with the Securities and Exchange Commission due to its ongoing investigation into stock option grants, reports Forbes.
In a filing with the SEC, the company said it needs to restate historical financial statements to record charges for compensation related to past grants. As a result, Apple was unable to file its 10-K Form for the fiscal year ended Sept. 30 by the required filing date of Dec. 14. The company expects to file its annual report and its quarterly report for the period ending July 1 in one month.
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Dennis Sellers
Dennis has been a newspaper editor/reporter (seven years) and teacher (seven years). He has over 4,000 magazine, newspaper and online articles to his credit. He has also covered the Mac and tech industries for over a decade for such online publications as MacCentral, MacMinute and now MacsimumNews.
