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Internal Review

All articles tagged with #internal review

business1 year ago

Chemours Co (CC) Leadership Shake-Up and Financial Delays Cause Share Slump

The Chemours Co (CC) has announced leadership changes with Denise Dignam as Interim CEO and Matt Abbott as Interim CFO amid an internal review. Preliminary financial results for 2023 show a decrease in net sales to approximately $6.0 billion and an estimated net loss of $(225) million to $(235) million, attributed to lower volumes and significant charges. The company maintains a strong cash position and is undergoing a thorough internal review of its financial reporting practices. The delay in earnings release and filing of the Annual Report on Form 10-K has prompted the filing of a Form 12b-25 with the SEC, and investors are advised that the financial results for 2023 are preliminary and subject to change.

via Yahoo Finance|
#business#corporate-governance#financial-results
business1 year ago

"Chemours Faces Internal Turmoil: Executives Suspended, Stock Plunges"

Chemours, based in Wilmington, has placed its CEO, CFO, and Controller on administrative leave pending an internal review by the Audit Committee of the Board of Directors. The review includes processes for managing working capital, impact on incentive plans, non-GAAP metrics, and related disclosures. The company announced un-audited preliminary year-end results and delayed filing its annual 10-K report. Denise Dignam has been named as the Interim CEO and Matt Abbott as the Interim CFO. Chemours stock price fell over 40% following the announcement.

via 1150AM/101.7FM WDEL|
#business#ceo#cfo
sports2 years ago

"Juwan Howard Cleared to Resume Coaching Duties for Michigan Basketball"

Juwan Howard has been cleared to return as the head coach of Michigan basketball after a September heart procedure. An internal review was conducted following reports of an altercation between Howard and the strength and conditioning coach, but no disciplinary action was deemed necessary. Howard will resume his coaching duties for the upcoming game against Eastern Michigan.

via Detroit Free Press|
#head-coach#internal-review#juwan-howard
police-brutality2 years ago

"Outrage grows as video of brutal arrest in Jacksonville sparks investigation"

The Jacksonville Sheriff's Office in Florida is conducting an internal review after a video captured a traffic stop where a handcuffed Black man, Le'Keian Woods, was shown with swollen eyes and a bloody face. The video shows officers using force, including slamming Woods' head into the ground. Woods was later taken to the hospital for a severe concussion. He is currently facing multiple charges, including armed drug trafficking. Family and community members protested the incident outside the sheriff's office headquarters.

via CBS News|
#black-man#florida#internal-review