Rock-Tenn execs file sworn statements

greenspun.com : LUSENET : Y2K discussion group : One Thread

The financial results in Rock-Tenn report for the third quarter of 2002, filed with the SEC today, contain financial results adjusted from those in the company’s earnings release on July 19. In its Merchandising Displays and Corrugated Packaging segment, revenues were reduced by $519,000 to correct a billing error discovered after the issuance of the earnings release and the reserve for inventory obsolescence was increased by $524,000. Additionally, the company has revised the method of computation of paperboard and recovered paper costs included in the supplemental disclosure of key financial statistics that accompanies quarterly earnings releases to conform to the accrual basis financial data included in the earnings releases.

Otherwise, the sworn statement filing shows the executives reviewed the reports with their auditors and found no untrue statement of material facts and no omission of material facts in quarterly reports and its annual report in 2001.

Atlanta-based Rock-Tenn Co. (NYSE: RKT) joins the growing list of Georgia companies that have filed similar statements: AFLAC Inc., Beazer Homes USA Inc., BellSouth Corp., The Coca-Cola Co., Cox Communications Inc., Delta Air Lines Inc., Equifax Inc., First Data Corp., Genuine Parts Co., Georgia-Pacific Corp., Georgia Power Co., Mohawk Industries Inc., Southern Co., SunTrust Banks Inc., Synovus Financial Corp. and Witness Systems Inc.

Several local companies have until Aug. 14 to file their sworn statements, including Coca-Cola Enterprises Inc., EarthLink Inc., Georgia Gulf Corp., Mirant Corp., United Parcel Service Inc. and WestPoint Stevens Inc.

Atlanta Business Chronicle

-- Anonymous, August 15, 2002


Moderation questions? read the FAQ