All Manufacturing articles – Page 7
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ArticleBorgWarner fined $950K by SEC for downplaying asbestos liabilities
Car parts manufacturer BorgWarner has agreed to pay $950,000 as part of a settlement with the SEC for allegedly failing to calculate and report $700 million in future asbestos liability claims.
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ArticleEight years later, Zimmer Biomet FCPA case ends
Zimmer Biomet Holdings disclosed in a regulatory filing it has reached the end of its monitorship, eight years after resolving parallel settlements with the DOJ and SEC for violations of the Foreign Corrupt Practices Act.
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ArticleWhitford to pay $824K for sanctioned dealings in Iran
Cookware coating manufacturer Whitford Worldwide has agreed to pay $824,314 as part of a settlement with OFAC regarding subsidiary dealings in the sanctioned country of Iran.
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TPI Composites appoints chief accounting officer
Wind blade manufacturer TPI Composites announced the hiring of Adan Gossar as chief accounting officer.
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ArticleWhen manufacturing new product lines, be aware of new compliance risks
As companies around the world begin to manufacture products outside their comfort zone to address dire shortages in personal protective equipment amid the pandemic, compliance practitioners are negotiating new risks and challenges.
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ON Semiconductor brings back former chief accounting officer
ON Semiconductor announced the appointment of Bernard Colpitts Jr. as chief accounting officer. Colpitts returns to the manufacturer after departing in late 2019 to serve as chief accounting officer at GameStop.
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Compliance best practices for ever-evolving Iran sanctions
A new executive order issued in January places additional sanctions on a much broader portion of Iran’s economy and, from a compliance and risk management standpoint, puts a broader range of companies in the crosshairs of U.S. enforcement.
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ArticleNewell Brands facing SEC subpoena over sales, accounting practices
Newell Brands disclosed in a regulatory filing it is facing a Securities and Exchange Commission subpoena over its sales and accounting practices, particularly related to the impairment of goodwill and other intangible assets.
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Westlake Chemical promotes accounting chief
Westlake Chemical has appointed Johnathan Zoeller to serve as vice president and chief accounting officer. Zoeller’s appointment will become effective upon the retirement of his predecessor, George Mangieri, at the end of March.
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ArticleSEC 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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ArticleSpirit 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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ArticleKohler 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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ArticleMattel 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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ArticleEC 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.