Reported Earlier, CPI Aerostructures Settles With SEC Over Financial Restatements
Reported Earlier, CPI Aerostructures Settles With SEC Over Financial Restatements
The Company has undertaken to fully remediate its material weakness in internal control over financial reporting and have effective ICFR and disclosure controls and procedures by December 31, 2024, to publicly disclose, concurrent with the filing of the Company's 2024 Annual report on Form 10-K, whether in management's opinion, the Company has fully remediated its material weaknesses in ICFR and has effective ICFR and DCP and to certify its compliance. If the Company fails to comply with these undertakings, a civil monetary penalty in the amount of $400,000 will be due to the SEC by June 30, 2025.
该公司已承诺在2024年12月31日之前彻底解决其财务报告内部控制的实质性缺陷，并具有有效的ICFR和披露控制和程序。同时，随着公司2024年在10-K表格上的年度报告的提交，公开披露公司是否已在ICFR方面彻底解决了其实质性缺陷并具有有效的ICFR和DCP，并证明其遵守情况。如果公司未能遵守这些承诺，则需在2025年6月30日之前向SEC缴纳400,000美元的民事罚款。