The Mac Observer

Skip navigational links

You're viewing an article in TMO's historic archive vault. Here, we've preserved the comments and how the site looked along with the article. Use this link to view the article on our current site:
Apple Finds Irregularities in Stock Option Grants

Apple Finds Irregularities in Stock Option Grants

by , 4:40 PM EDT, June 29th, 2006

Apple on Thursday announced that it has found irregularities in stock option grants issued between 1997 and 2001, including a grant to CEO Steve Jobs that was later canceled and resulted in no financial gain to him. The company said in a press release that it has hired independent counsel to investigate the matter further. It has also informed the SEC of the situation.

"Apple is a quality company, and we are proactively and transparently disclosing what we have discovered to the SEC," said Mr. Jobs said in the press release. "We are focused on resolving these issues as quickly as possible." The company added that it will not comment further on the situation until the investigation is concluded.

While Apple's stock jumped over 5% to US$58.97 during Thursday trading, on the strength of a broader Nasdaq rally, this news, which came after the close of the markets, led to a 2.87% drop to $57.28 in after-hours trading, as of 4:43 PM EST.


If you are interested in Apple's stock, join our forum members in the Apple Finance Boards, a moderated forum for Apple Investors and people who are interested in Apple's financial dealings. For other stories regarding Apple's stock activity, visit our updated Apple Stock Watch Special Report.

Recent TMO Headlines - Updated September 28th

Wed, 7:44 PM
8Bitdo Goes Retro with Apple-themed Game Controller for iPhone, iPad
Wed, 5:16 PM
ACM 378: Life Without a Headphone Jack, More Apple Watch, Siri on the Mac
Wed, 5:08 PM
NuGuard KX Case for iPhone 7 Offers Superb Protection
Wed, 4:39 PM
MyMac Spotlight Interview on Bryan Chaffin
Wed, 2:42 PM
iOS 10 and Swift 3 Starter Bundle: $45
Wed, 1:47 PM
TMO Daily Observations 2016-09-28: Blackberry Ditches Smartphones, Apple's Think Different Ads
Wed, 12:54 PM
Dr. Mac's First Impression: iPhone 7 Plus
Wed, 11:43 AM
Skype Adds Lock Screen and Siri Integration on iOS 10
Wed, 11:19 AM
iOS 10: Managing Siri's Third Party App Voice Control
Wed, 9:27 AM
watchOS 3: Configure Your New Dock
Tue, 8:29 PM
Fujitsu Plans ScanSnap Fix for Sierra by Middle October
Tue, 7:49 PM
iOS 10: Save a File as PDF to iBooks
  • __________
  • Buy Stuff, Support TMO!
  • Podcast: Mac Geek Gab
  • Podcast: Apple Weekly Report
  • TMO on Twitter!