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Apple misses SEC annual report deadline

updated 12:10 pm EST, Fri December 15, 2006

Apple misses SEC deadline

Apple yesterday missed its deadline for filing its annual report, amidst its ongoing investigation into stock option scandal. The company said in a filing with the Securities and Exchange Commission that it was unable to file its Form 10-K by the required filing date of December 14. Marketwatch reports that independent auditors are reviewing the findings of an independent investigation and recent accounting guidance published by the SEC and that Apple said that it will need to restate its historical financial statements to record non-cash charges for compensation expense relating to past stock option grants. The report says Apple is in the process of finalizing its conclusions regarding the amount of such charges, the resulting tax and accounting impact, and which periods require restatement.




by MacNN Staff

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Comments

  1. jarod

    Joined: Dec 1969

    0

    Big Whoopy

    Who cares; they will file it soon enough and everyone will see how stupid most investors who sold were ;-)

  1. SubPop

    Joined: Dec 1969

    0

    ...stupid investors

    everyone will see how stupid most investors who sold were ;-)

    Funny... I remember a guy named Jeff saying something like that about a small Houston-based energy company not too long ago...

  1. LouZer

    Joined: Dec 1969

    0

    Re: big whoopy

    Yeah, silly deadlines. Who cares about stupid things like SEC deadlines, rules, or anything else. In fact, I think Apple should stop sucking up to the SEC and just ignore them. They're above stuff like that.

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