Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Sunbeam Reorginization Delays Quarterly Report
Nov 15, 2002
 Printable format
 Email this Article
 Search

Sunbeam Corp. said it was unable to file its quarterly report, due Nov. 14 because it is working on its plan to get out of Chapter 11 bankruptcy. Sunbeam said it intends to file its quarterly report for the quarter in the next five calendar days.

"In light of the significant resources and time dedicated to the preparation of the third amended plan of reorganization and the related confirmation process, Sunbeam Corporation is not in a position to timely file its quarterly report on Form 10-Q for the fiscal quarter ended September 30, 2002," Sunbeam said in a filing with the Securities and Exchange Commission.

In September, Sunbeam filed an amended reorganization plan. Under the plan, most of the company's secured bank debt would be converted to equity. The banks are owed about U.S. $1.7 billion from loans made to Sunbeam. At the time, the company also said in its filing that the U.S. Justice Department had begun an investigation of Sunbeam's management during the period when the appliance maker was run by Albert Dunlap, known as "Chainsaw Al" for cutting thousands of jobs in the 1990s before the appliance maker went bankrupt. (Reuters)

Back to Daily News

 

Daily News

...........................................................

Dec 17, 2014: Bosch names Kenny head of marketing

Dec 17, 2014: Multifamily Production Index off its peak, but still positive

Dec 17, 2014: AHRI launches two new certification programs

Dec 16, 2014: Ar├želik awarded for fridge with integrated ice-cream bowl

Dec 16, 2014: Report: appliance segment at the top of 2014 reshoring list

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

November 2014: Appliance Magazine Market Insight Annual Subscriptions
November 2014: U.S. Appliance Industry: Market Value, Life Expectancy & Replacement Picture 2014
October 2014: Portrait of the European Appliance Industry
September 2014: Appliance Industry Focus: HVAC




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows