|
 |
Securities and Exchange Commission Recommends No Action in OfficeMax Probe Nov. 9, 2007 (Associated Press) WASHINGTON - Office supplies retailer OfficeMax Inc. said Thursday the Securities and Exchange Commission has completed a probe into the company's accounting for vendor income and recommended no enforcement action. The Naperville, Ill.-based company had launched an internal review in December 2004 after receiving claims from a vendor alleging that OfficeMax employees requested inappropriate promotional payments and falsified supporting documentation. The internal investigation was conducted under the direction of the company's audit committee and was completed in March 2005. Six employees were fired in connection with the probe. In June 2005, the SEC started its investigation, with which the company cooperated. OfficeMax said Thursday in an SEC filing that it was notified last month that the agency had completed the investigation. OfficeMax is the No. 3 office products retailer behind Staples Inc. and Office Depot Inc. Shares of the company rose 1 cent to close at $25.96 Thursday. |
|
|
|||||||||||||||||||
|
||||||||||||||||||||||
|
|
||||||||||||||||||||||
|
||||||||||||||||||||||
