|Company Name||AZZ Inc.|
On May 17, 2019, the Company disclosed a material weakness in its internal control over financial reporting related to preparation and review of revenue reconciliations.
On this news, the Company’s share price fell sharply, thereby injuring investors.
Then, on May 20, 2019, the Company announced that it had replaced its independent auditor, BDO US, LLP, with Grant Thornton LLP.
On this news, the Company’s share price fell sharply, thereby injuring investors further.
On October 8, 2019, the Company delayed its second quarter 2020 financial results “to allow the Company additional time to complete the review of the Form 10-Q for its fiscal year 2020 second quarter ended August 31, 2019.”
On this news, the Company’s share price fell as much as $6.14, or nearly 15%, during intraday trading on October 8, 2019, thereby injuring investors further.
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