SEC

By MacRumors Staff

SEC Articles

Former Apple Lawyer Facing Criminal Charges for Insider Trading

Thursday October 24, 2019 2:13 pm PDT by
Former Apple lawyer Gene Levoff, who was in charge of enforcing Apple's Insider Trading Policy, is facing criminal charges related to insider trading of Apple stock, reports CNBC. Levoff was today indicted for insider trading, and he is facing six counts of security fraud and six counts of wire fraud. According to the U.S. government, Levoff used inside information from Apple, including...

SEC Charges Former Apple Lawyer Gene Levoff With Insider Trading [Updated]

Wednesday February 13, 2019 8:17 am PST by
The U.S. Securities and Exchange Commission has charged Apple's former vice president of corporate law Gene Levoff with insider trading, according to a lawsuit filed in the U.S. District Court for New Jersey on Wednesday. The complaint alleges that Levoff had access to Apple's earnings results before they were publicly announced and used this information to buy Apple shares in advance of...

Apple Now Has 132K Full-Time Employees, Spent $14.2B on R&D in 2018 Fiscal Year

Monday November 5, 2018 6:23 am PST by
Following the conclusion of its 2018 fiscal year, which ended September 29, Apple today filed its annual Form 10-K [PDF] with the SEC. We've combed through the exhaustive, legalese-rich 72-page report so you don't have to. Highlights:9,000 more employees: Apple has 132,000 full-time employees as of the end of its 2018 fiscal year, up from 123,000 a year prior. R&D expenses rose nearly $3...

Apple Seeks to Block Shareholder Proposals on Environment and Human Rights Given Its Existing Focus on Those Issues

Monday December 11, 2017 4:42 am PST by
Apple is said to be "pushing back" on multiple shareholder proposals that deal with issues like Apple's greenhouse gas emissions, climate change, and human rights, discovered in letters the Cupertino company sent to the Securities and Exchange Commission in November (via Reuters). At least four proposals were argued as relating to "ordinary business," with Apple further stating that they are "not ...

Apple's Retail Chief Angela Ahrendts and Top Lawyer Bruce Sewell Each Sell Over $10 Million in Stock

Tuesday May 9, 2017 7:53 am PDT by
Apple's retail chief Angela Ahrendts and top lawyer Bruce Sewell each sold over $10 million in company stock over the past week, according to a pair of disclosures with the Securities and Exchange Commission. Pursuant to her trading plan adopted in February, Ahrendts sold 75,000 shares of Apple stock between May 4 and May 8, netting nearly $11.1 million based on the weighted average sale...

Apple Raises $10 Billion in Debt Ahead of Trump's Plans for Tax Holiday

Friday February 3, 2017 5:24 am PST by
Apple has raised $10 billion in debt through a nine-part bond sale of both fixed and floating rate notes, according to the company's final pricing term sheet filed with the U.S. Securities and Exchange Commission on Friday. The nine-part sale includes: $500 million maturing in 2019 with a floating interest rate based on three month LIBOR plus 8 basis points $500 million maturing in 2020 with ...

Tim Cook Cashes in $3.6 Million in Stock as Respected Analyst Gives Him Passing Grades

Friday January 20, 2017 6:26 am PST by
Apple CEO Tim Cook sold 30,000 shares of Apple stock this week, valued at $3.6 million based on the company's stock price of $120 at the time of the transactions, according to a U.S. Securities and Exchanges Commission disclosure. The shares were sold as scheduled pursuant to Cook's predetermined trading plan. Cook retains 1,009,809 company shares worth over $121 million based on Apple's...

Tim Cook's Pay Was $1.5 Million Less in 2016 as Apple Missed its Own Performance Targets

Friday January 6, 2017 5:09 am PST by
Apple's annual shareholders meeting will be held on February 28 at 9:00 a.m. Pacific Time in the Town Hall building at its Infinite Loop headquarters in Cupertino, California, according to an SEC document filed electronically today. Admission is open to all shareholders of record on a first come, first served basis. A primary item of business on the agenda is to elect the Board of Directors...

Apple's Chairman and Top Lawyer Cash in Combined $10M in Stock Bonuses

Friday August 12, 2016 8:50 am PDT by
Apple chairman Arthur D. Levinson and general counsel Bruce Sewell recently sold approximately $7.6 million and $2.5 million worth of company shares respectively, according to SEC documents filed electronically this week. Levinson sold 70,000 shares of common stock on August 9 for an average price of $108.68, while Sewell disposed of 23,305 shares for an average price of $107.49 on August 5....

Apple Finalizes $7 Billion Five-Part Bond Sale

Friday July 29, 2016 6:22 am PDT by
Apple has raised $7 billion in debt through a five-part bond sale of both fixed and floating rate notes, according to the company's final pricing term sheet filed with the U.S. Securities and Exchange Commission on Friday. The five-part sale includes: $350 million maturing in 2019 with a floating interest rate based on three month LIBOR plus 14 basis points $1.15 billion maturing in 2019...

Apple to Raise Up to $12 Billion in Debt to Fund Capital Return Program

Tuesday February 16, 2016 8:25 am PST by
Apple has filed a preliminary prospectus supplement with the U.S. Securities and Exchange Commission as it prepares to issue a $10-$12 billion bond sale, reports CNBC. The debt raised will fund Apple's capital return program, including continued stock buybacks and dividend payments to shareholders, and general corporate purposes such as the repayment of debt and acquisitions. Apple will be...

Apple's New Hardware Chief Johny Srouji Awarded Nearly $10 Million in Stock

Tuesday December 29, 2015 5:07 am PST by
Apple's newly promoted Senior Vice President of Hardware Technologies Johny Srouji was awarded 90,270 restricted stock units on October 5, 2015, according to a recent filing with the U.S. Securities and Exchange Commission. The RSUs awarded vest 12.5% in semi-annual installments over a four year period ending October 2019. Srouji now has a total of 217,305 RSUs and 101,881 common stock units,...

Tim Cook and Eddy Cue Receive Combined $94 Million in Apple Stock

Wednesday August 26, 2015 8:23 am PDT by
Apple CEO Tim Cook and Senior Vice President Eddy Cue received 560,000 and 350,000 restricted stock units respectively this week, worth a combined $93.8 million based on AAPL's closing price of $103.12 on Monday, according to a pair of filings with the U.S. Securities and Exchange Commission. Tim Cook and Eddy Cue at an Apple Store in 2014 (Image: Bloomberg) Cook was awarded with 280,000...

Apple Prices Bond Sale in Japan at ¥250 Billion

Thursday June 4, 2015 5:17 am PDT by
Apple has set a principal amount of ¥250 billion ($2.01 billion) for its bond sale in Japan per a final pricing term sheet published by the U.S. Securities and Exchange Commission on Thursday. The yen-denominated bonds have an interest rate of 0.350% and are set to mature on June 10, 2020. Interest is to be paid semi-annually on June 10 and December 10, commencing December 10, 2015. The global ...