Shares of Aliso Viejo-based Quest Software Inc. fell nearly 10% Wednesday after the software maker said it plans to restate results from 2000 through the first quarter of this year as part of its ongoing look at stock option grants.
A special committee looking into Quest’s options found that stock compensation expenses should have been recorded for option grants and recognized over the vesting period of the options. The additional expense “will be significant,” Quest said.
In early June, Quest said it received an informal SEC inquiry about past stock option grants.
