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ATLANTA – Retailer Home Depot Inc. (HD) Inc. said on Wednesday a review found that for annual stock option grants and certain quarterly option grants from 1981 through November 2000, the stated grant date was earlier than the actual time the grants were approved by a board committee.
In a statement, Home Depot said the review concluded there was no intentional wrongdoing by any current member of its management team or board. Correction of errors tied to the matter were expected to decrease earnings by $200 million, and have no material effect on company financial statements, it added.
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