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FAQ: Behind the stock options uproar
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Companies must complete regular Securities and Exchange Commission filings as a requirement of continued listing on the Nasdaq. The Cupertino, Calif.-based company said last week it would delay its quarterly filing, pending an inquiry into stock option grant irregularities.
The Mac maker said it has requested a hearing and will remain listed on the exchange pending that hearing.
"We fully anticipated receipt of this letter," Apple spokeswoman Katie Cotton told CNET News.com. "It's a matter of procedure. We're focused on resolving this matter as quickly as possible."
Apple is the best-known of dozens of companies that are under inquiry by either the SEC or the U.S. Attorney's Office regarding the timing of stock option grants. The company disclosed in June that it had "discovered irregularities" related to the issuance of certain stock option grants made between 1997 and 2001, including one grant to CEO Steve Jobs. The grant to Jobs was later cancelled, and Apple has said he received no financial gain.
Among the businesses investigating their options practices is CNET Networks, publisher of CNET News.com. In June, CNET received a grand jury subpoena from the U.S. Attorney's Office. It earlier said it is the subject of an informal inquiry from the SEC. This week, the company said it, like Apple, expects to delay its quarterly SEC filing.
See more CNET content tagged:
inquiry, stock option, Mac maker, Apple Computer, compliance
irregularities, unlike another well-known software giant that was
dragged into court and convicted.
Have a nice day!
Please, before making a comment at least attempt to have some facts.
irregularities, unlike another well-known software giant that was
dragged into court and convicted.
Have a nice day!
Or, you could shut up, but you should probably just send in the info. Since we haven't heard anything about this, you should post it on your blog, then send a note to the SEC to direct them to the evidence. Think of the traffic you can generate for your blog ads!
IMHO, a company like Apple has no excuse for this. all they need to do is recompile. This behavior is a disservice. and they want us to trust them in a datacenter? and those patents and aircraft..
Even so, as CEO, he is not without blame for the company's compensation policies.
Apple' tone.
As for me, I have no doubt that Apple will get things worked out; they are taking the proper steps towards resolving the issue now.
reminds me of a guy I saw sitting in traffic in San JOse (was looking for work living out of my car), driving a lambo in the shoulder... going like 50 in bumper to bumper... skids out of control... smashes a civic bad... crawls out of his car... and starts crying over the wrecked exotic, he droped to his knees... never ran over to check on the people he hit..
and look what the world does to homeless people who steal from grocery stores!
my celebrity, its not love.. its not love at all.. not in a world like this
Therefore, why does he need to step down when Apple has not even been found guilty of anything yet?
from your high horse, and... have a nice day!
stealing the food deserve to be picked up by the police. And if the
police and the courts can't clue them in, they deserve jail time for
their own benefit.
- Steve Jobs should Resign!
- by Seaspray0 August 14, 2006 2:18 PM PDT
- Not! But I bet you clicked the message to read it.
- Like this Reply to this comment
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(21 Comments)Sorry, it's just that I see posts like that all the time for Bill Gates for the same silly stuff. I couldn't help myself.