Apple, Inc. has received what it called "informal requests" for additional information and documents relating to its employee stock option practices, according to the companyis 10Q Securities and Exchange Commision (SEC) filing, released Friday. The government request came after Apple had shared with the SEC the results of an internal investigation relating to some improperly granted options to Steve Jobs cleared the Apple CEO of any wrongdoing.
As part of the standard warnings that are part and parcel of SEC filings, Apple warned that, "The resolution of these matters will be time consuming, expensive, and will distract management from the conduct of the Companyis business."
Apple announced in December of 2006 that it will be taking a US$84 million charge relating its past stock option practices.
*In the interest of full disclosure, the author holds a small share in AAPL stock that was not an influence in the creation of this article.
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