Law360 (June 19, 2006, 12:00 AM EDT) -- Home Depot Inc. has joined the growing list of companies embroiled in questions about options practices, revealing that executives on three occasions were awarded options at below-market prices.
The world’s largest home-improvement retailer, which completed an internal investigation into the matter, did not reveal any names, but did say that the unrecorded expenses related to options backdating was less than $10 million and occurred between 1996 and 2000.
It also said the discrepancies were not serious enough to warrant any changes to previous financial statements....
Home Depot Investigates Its Options Granting Practices
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