Homebuilder KB Home said Friday that the Securities and Exchange Commission has launched a formal investigation into its stock option granting practices.
In a regulatory filing, the company said it was cooperating with the SEC probe.
Homebuilder KB Home said Friday that the Securities and Exchange Commission has launched a formal investigation into its stock option granting practices. In a regulatory filing, the company noted it was cooperating with the SEC probe. Last August, KB Home received an informal inquiry from the SEC relating to its option practices. And in November, the company's chief executive officer was forced to step down after it was disclosed that he received favorably dated option awards.
January 29, 2007 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Homebuilder KB Home said Friday that the Securities and Exchange Commission has launched a formal investigation into its stock option granting practices.
In a regulatory filing, the company said it was cooperating with the SEC probe.
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