Apple today filed its Form 10-Q for the quarter ended July 1, 2006 and its Form 10-K for the fiscal year ended September 30, 2006 with the Securities and Exchange Commission (“SEC”). Both filings had been delayed pending the conclusion of an independent investigation by the special committee of the board of directors into past stock option practices and the resulting restatement of the Company’s financial results.

Apple undertook this investigation on its own initiative and has informed the SEC and the U.S. Attorney’s Office of the results. Apple’s stock has taken a hit recently over concerns about the stock option scandal and Steve Jobs’ role in it. Investors have been concerned that Jobs might have to resign from his role as CEO at the successful company because of financial improprieties.

Based on an analysis of the findings of the independent investigation, the Company has recognized total additional non-cash stock-based compensation expense of $84 million after tax, including $4 million and $7 million in fiscal years 2006 and 2005, respectively. The restatement arises solely from certain stock option grants made between 1997 and 2002; the investigation found no grants after December 31, 2002 that required accounting adjustments.

“The special committee, its independent counsel and forensic accountants have performed an exhaustive investigation of Apple’s stock option granting practices,” in a joint statement said Al Gore, chair of the special committee, and Jerome York, chair of Apple’s Audit and Finance Committee. “The board of directors is confident that the Company has corrected the problems that led to the restatement, and it has complete confidence in Steve Jobs and the senior management team.”

Apple on of many companies in Silicon Valley that have come under scrutiny for assigning favorable grant dates to stock options to inflate their value.

Earlier in the year, Apple had to deal with negative publicity resulting from one of its major suppliers violating Apple’s Code of Conduct.