Summary
Apple Computer, Inc. (AAPL) filed an 8-K on October 4, 2006, reporting two key events. Firstly, the resignation of Fred D. Anderson from the Board of Directors, effective September 30, 2006. Secondly, the company announced the findings of its Board's special committee investigation into historical stock option practices. The investigation, which lasted three months, concluded, and its findings were released to the public. The press release detailing these findings and Mr. Anderson's resignation is attached as an exhibit to this filing. Investors should monitor any further disclosures or potential implications arising from the stock option investigation and its findings.
Key Highlights
- 1Fred D. Anderson has resigned from Apple's Board of Directors as of September 30, 2006.
- 2Apple's Board of Directors' special committee has completed its three-month investigation into the company's stock option practices.
- 3The company announced the findings of this stock option investigation on October 4, 2006.
- 4A press release detailing the investigation's findings and Mr. Anderson's resignation was issued.
- 5The press release is attached as Exhibit 99.1 to the 8-K filing.
- 6The filing date of the 8-K is October 3, 2006, with the earliest event reported on September 30, 2006.