Schnitzer Steel says SEC formally probing company

Newswire

NEW YORK, Aug 24 (Reuters) - Metals recycler and auto-parts retailer Schnitzer Steel Industries Inc. on Wednesday said it is under formal investigation by the U.S. Securities and Exchange Commission related to an internal probe of improper commissions paid to executives of Asian customers. The company also named its acting CFO to a new role overseeing the integration of acquired assets and named a new interim CFO, Gregory Witherspoon.

Premium Content (PAID Subscription Required)

"Schnitzer Steel says SEC formally probing company" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
 

Current subscribers, please login or CLICK for support information.

Already registered? here.

Sponsored Introduction Continue on to (or wait seconds) ×