Three CFOs in three years is a red flag on its own, but the timing around the 10-K is what stands out. If he's not signing that filing, it suggests discomfort with whatever's going in it. Combined with an undisclosed SEC probe, this reads more like risk management than "exciting opportunities." I've tracked similiar patterns where CFO exits cluster around regulatory filings and they rarely end well for shareholders
Three CFOs in three years is a red flag on its own, but the timing around the 10-K is what stands out. If he's not signing that filing, it suggests discomfort with whatever's going in it. Combined with an undisclosed SEC probe, this reads more like risk management than "exciting opportunities." I've tracked similiar patterns where CFO exits cluster around regulatory filings and they rarely end well for shareholders
Good observation. If you want to see a company really cutting is close to the line with a CFO departure right before a major SEC filing, check out our recent warning on Flagstar. https://www.disclosureinsight.com/p/flagstar-bank-21-months-later-allowance