said late Friday that a review of its stock options granting procedures found that certain options were backdated and will likely result in the company recording additional charges.
Shares of the computer-aided design company, which is based in San Rafael, Calif., lost 34 cents to $34.76 in after-hours trading.
The audit committee of the company's board of directors is conducting the voluntary review with the help of outside attorneys and accountants. Though the review is ongoing, Autodesk said preliminary findings show that the actual dates for stock options grants differ from the recorded grant dates.
As a result, the audit committee believes that Autodesk "will record additional noncash stock-based compensation expense related to stock option grants, but it is not yet able to determine the amount of such charges or the resulting tax and accounting impact."
The committee is also unsure if any financial results will need to be restated.
Autodesk said also in a press release that $4 million in fees related to conducting the stock options probe will be incorporated into its third-quarter 2007 results.
For its second quarter, the company did
not provide full results because of the ongoing investigation.