All Manufacturing articles – Page 7
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SEC subpoenas Mattel in accounting probe
Mattel announced it has received a subpoena from the Securities and Exchange Commission seeking documents related to a previously disclosed investigation that had uncovered accounting errors.
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Trane Technologies names chief accounting officer
Trane Technologies, a global climate innovator that will soon spin off from Ingersoll Rand, named Heather Howlett as its future vice president and chief accounting officer.
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Spirit AeroSystems CFO resigns amid accounting probe
The chief financial officer and principal accounting officer at aerospace giant Spirit AeroSystems have resigned amid an ongoing accounting probe triggered by a compliance review.
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Kohler to pay ‘precedent-setting’ $20M over emissions violations
Kohler must pay a $20 million civil penalty in a settlement reached Thursday with the Department of Justice, Environmental Protection Agency, and state of California over alleged violations of the Clean Air Act and California law.
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Horizon Global announces new accounting chief
Horizon Global, a manufacturer of branded towing and trailering equipment, announced its Board of Directors appointed Matthew Meyer as chief accounting officer.
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Motorcar Parts of America names accounting chief
Motorcar Parts of America announced the promotion of Kamlesh Shah to chief accounting officer. Shah succeeds Kevin Daly, who will serve as vice president, operational accounting.
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Quanex Building Products names chief accounting officer
Quanex Building Products has announced several key leadership appointments, effective as of Nov. 1, including a new chief accounting officer and a new general counsel.
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LP appoints controller and chief accounting officer
Louisiana-Pacific, a building materials manufacturer, announced the appointment of Derek Doyle to vice president, controller, and chief accounting officer, effective immediately.
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Mattel ousts CFO after accounting probe reveals weaknesses
Following an investigation spurred by a whistleblower letter, Mattel announced it has uncovered material weaknesses in its internal controls over financial reporting and is now working to remediate the issues.
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EC uses ‘interim measures’ on Broadcom to curb anticompetitive behavior
The European Commission has ordered Broadcom to cut out harsh contract terms with six TV and modem manufacturers because they may infringe antitrust rules. It’s the first time the agency has imposed “interim measures” in 18 years
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Intrepid Potash chief accounting officer resigns
Fertilizer manufacturer company Intrepid Potash announced Joseph Montoya, current vice president and chief accounting officer, will be resigning to pursue another career opportunity.
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Labor Department enforcement action comes with compliance warning
Lloyd Industries has been ordered to pay $1 million in lost wages and punitive damages to two former employees who were fired in retaliation for their participation in a federal safety investigation, the Department of Labor announced.
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SEC, DOJ charge 3 former Power Solutions executives with fraud
Three former executives of a smaller reporting company are facing multiple fraud charges connected to a $25 million overstatement of revenue.
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Ingersoll Rand names general counsel
Ingersoll Rand has appointed Evan Turtz as senior vice president and general counsel, effective immediately. He will serve as an officer of the company and be responsible for strategic leadership and oversight of Ingersoll Rand’s legal and compliance affairs worldwide.
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Beware of ‘no-poach’ agreements
Informal non-solicitation agreements between companies to stifle bidding wars for top talent might easily violate anti-trust law.