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Western Digital

(WDC) - Get Western Digital Corporation Report

backdated at least 19 option grants and should have taken a charge of about $21 million to reflect their cost, the company said late Monday.

The discrepancies were found during a voluntary review by the hard-drive maker's independent directors.

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The special committee found "no evidence that anyone manipulated the grant documentation or grant dates in order to avoid compensation expense or other financial statement impacts," the company said in a statement.

Western Digital said it does not expect the investigation to result in a material adjustment to fiscal 2005 and 2006 operating results included in its earnings release on July 27.

Shares of the company closed the regular session down 44 cents to $17.17.