Forrester Research Inc. disclosed today in a Form 8-K that “by letter dated March 5, 2009, the Staff of the Securities and Exchange Commission stated that it has completed its investigation into the Company’s historical stock option granting practices and that it does not intend to recommend any enforcement action by the Commission against the Company.”
The Boston Business Journal reports that the SEC’s investigation into whether Forrester improperly granted stock options to employees cost the company several million dollars in compliance costs and forced it to restate past financial statements for the years affected. Forrester first disclosed the investigation in June 2007.
