Brief: Napco Security Technologies Responds To Short-Seller Report

NAPCO Security Technologies

06/09/2024 14:02

NAPCO Security Technologies Inc  NSSC.O :
    * NAPCO SECURITY TECHNOLOGIES RESPONDS TO SHORT-SELLER
REPORT
    * NAPCO SECURITY TECHNOLOGIES: LAW FIRM FOUND NO EVIDENCE TO
SUPPORT SHORT SELLER’S ALLEGATIONS
    * NAPCO SECURITY TECHNOLOGIES: REMEDIATED MATERIAL
WEAKNESSES IN
CONTROLS THAT WERE REPORTED IN FORM 10-K FOR FY ENDED JUNE 30,
2023
    * NAPCO SECURITY-IN RECENTLY FILED FORM 10-K, IDENTIFIED NEW
MATERIAL WEAKNESS ON PROCEDURAL REVIEW OF INFORMATION USED IN
INVENTORY COSTING PROCESS
    * NAPCO SECURITY TECHNOLOGIES: DEVELOPING PLAN TO REMEDIATE
NEWLY
FOUND MATERIAL WEAKNESS AND EXPECTS IT BE IN PLACE BY Q2-END

Source text for Eikon:  ID:n0001558370-24-012635 
Further company coverage:  NSSC.O