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Spirit AeroSystems Holdings, Inc.

Company NameSpirit AeroSystems Holdings, Inc.
Stock SymbolSPR
Class PeriodOctober 31, 2019 to January 29, 2020
Lead Plaintiff Motion DeadlineApril 10, 2020

On January 30, 2020, Spirit issued a press release announcing executive officer changes. Therein, Spirit stated that it “did not comply with its established accounting processes related to certain potential contingent liabilities that were received by Spirit after the end of third quarter 2019.” Moreover, the Company stated that, “[i]n light of these findings,” Spirits’ Chief Financial Officer, Jose Garcia, and Principal Accounting Officer, John Gilson, resigned from their positions.

On this news, the Company’s share price fell $2.56, or nearly 4%, to close at $65.08 per share on January 30, 2020, on usually heavy trading volume.

 

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