BRIEF-Saexploration Says Material Weaknesses Exist In Internal Control Over Financial Reporting, Disclosure Controls Ineffectiv

路透社 · Feb 8, 2020 07:36

Feb 7 (Reuters) - SAExploration Holdings Inc :
   * SAEXPLORATION - MATERIAL WEAKNESSES EXIST IN INTERNAL CONTROL OVER FINANCIAL REPORTING, DISCLOSURE CONTROLS INEFFECTIVE DURING NON–RELIANCE PERIODS
   * SAEXPLORATION - SPECIAL COMMITTEE’S INVESTIGATION IDENTIFIED MISAPPROPRIATION OF ABOUT $4.1 MILLION BY FORMER CEO BRENT WHITELEY FROM 2012 TO 2019
   * SAEXPLORATION - SPECIAL COMMITTEE’S INVESTIGATION IDENTIFIED MISAPPROPRIATION OF ABOUT $0.5 MILLION BY JEFF HASTINGS DURING 2013
   * SAEXPLORATION - PAYMENTS MADE TO GLOBAL EQUIPMENT IN SATISFACTION OF PURPORTED TRANSFER FEE WERE RECORDED AS RENTAL EXPENSE & NOW BEEN RECLASSIFIED

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BRIEF-Saexploration Says Material Weaknesses Exist In Internal Control Over Financial Reporting, Disclosure Controls Ineffectiv

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