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Stock Market & Financial Investment News

News Breaks
July 31, 2014
14:41 EDTRPMRPM files to delay 10-K
In a regulatory filing, the company said, "The Audit Committee of the company’s Board of Directors, with the assistance of independent advisors, is conducting an investigation of matters relating to the timing of our disclosure and accrual of loss reserves with respect to our settlement of the previously disclosed General Services Administration and Department of Justice investigation into compliance issues relating to our Tremco Roofing Division’s GSA contracts. The issues being reviewed by the Audit Committee are also the subject of a formal investigation by the SEC. The company is cooperating with the SEC in its ongoing investigation. We believe that the potential financial statement impact of this issue is confined to whether some or all of the reserve accrued in connection with our submission of a settlement proposal during the third quarter of fiscal 2013 should have been recorded during prior quarterly periods of fiscal 2013. As a result, the resolution of this matter is not expected to impact reported annual results for the full fiscal 2012, fiscal 2013 or fiscal 2014 years. The results of the investigation may affect management’s assessment of the company’s disclosure controls and procedures and internal control over financial reporting. As a result of the potential impact of the pendency of the Audit Committee’s investigation on unaudited comparative quarterly information contained in the company’s financial statements and the other required disclosures, the company is unable, without unreasonable effort or expense, to timely file its Form 10-K."
News For RPM From The Last 14 Days
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November 18, 2014
07:39 EDTRPMCFA Society of Cleveland to hold a conference
Midwest Investment Conference to be held in Cleveland, Ohio on November 18.

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