DI Report: UPS’s Disclosure of its SEC Investigation Doesn’t Add Up
After nearly fours years of staying silent about it, in May UPS finally disclosed that SEC investigation we had been tracking since Nov-2019, and warned on repeatedly since.
Per the 10-Q filed on a Friday, 03-May-2024, at 4:48 pm EDT, UPS said the SEC is investigating matters related to, and including a goodwill impairment charge recorded during the quarter ending 31-Dec-2020. The company also says it is discussing a resolution with the SEC, but it does not sound like things are going so well.
With this new disclosure, on 02-Jun-2024, we removed UPS from the DI Watch List of companies with confirmed, undisclosed SEC investigations.
This is your follow-up.
