Following media reports that Federal investigators were looking into allegations Apple Computer executives had knowingly falsified documents regarding favorable stock option grants awarded to employees, Apple Computer has filed its Form 10-Q and Form 10-K with the Securities and Exchange Commission, restating the company’s financial results.
As a result of its own internal investigation, Apple will take a charge of $84 million due to stock option grants made between 1997 and 2002. According to Apple, no option grants made after December 31, 2002, required any accounting adjustments. The investigation was conducted by a special committee of Apple’s Board of Director; the committee was chaired by former Vice President Al Gore.
