Form 8-K ORTHOFIX INTERNATIONAL For: Sep 23

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Go back to Form 8-K ORTHOFIX INTERNATIONAL For: Sep 23

Orthofix Int'l (OFIX) Updates on Financial Restatement; Announces CFO Transition

September 25, 2014 6:08 AM EDT

Orthofix Int'l (NASDAQ: OFIX) has been working to complete the filing of restated financial statements for the fiscal years ended December 31, 2013, 2012 and 2011 and the fiscal quarter ended March 31, 2014. At this time, the Company has prepared drafts of the amended filings, and the Companys outside auditors are continuing to complete applicable audit procedures.

In connection with this process, it has been determined that further data will be needed regarding certain inventory reserve amounts related to the Companys Spine Fixation devices that are held as consignment inventory. Specifically, as part of the Companys internal... More