comScore to File Financial Reports At Last

comScore is expecting to file its 2017 annual report on form 10-K with the Securities and Exchange Commission (SEC), after the market closes later today. This 10-K will comprise audited financial statements for 2017, 2016 and 2015 and unaudited restated results for 2014 and 2013.

Two years ago, comScore revealed that an audit had been set up to examine accounting irregularities. The company eventually reported that its previous three years' financial statements 'should no longer be relied upon'. Since this time, three CEOs have departed; and in December, the firm reported plans to cut 175 jobs, 'following management's determination to reduce staffing levels and exit certain geographic regions, in order to decrease global costs'. Major investor Starboard Value has since taken a strong role in running the company.

Also later today, comScore plans to file its quarterly reports on Form 10-Q for the 2017 quarters ended September 30th, June 30th, and March 31st; and on Monday it will provide a business update in a conference. The business, which is currently overseen by a team led by President and Executive Vice Chairman Bill Livek (pictured), is online at: www.comscore.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.