Investigation Delays Cenveo Annual Report
STAMFORD, CT—An internal review is delaying Cenveo’s Form 10-K annual report filing as the company investigates “unsupported accounting entries made by a former plant controller for two plants in the company’s envelope division.”
In a release, Cenveo said it required additional time to allow for the completion of the internal review. Based on current information, the company believes it will meet the annual financial targets relating to 2007 that it affirmed last month.
According to Robert Burton, chairman and CEO, Cenveo was able to generate strong cash flow from operations during the fourth quarter and was able to decrease net debt by about $25 million during the quarter.