Nash Finch’s Marshall Can’t Sign Off on Report
By George Anderson
The Star Tribune reports that the chief executive of Nash Finch, Ron Marshall, has written the Securities and Exchange Commission (SEC) to inform regulators that he still can not sign off on the accuracy of the grocery wholesaler/retailer’s financial reports.
Mr. Marshall missed the initial deadline for verifying the company’s financial statements last November.
Nash Finch has twice put off reporting the company’s third-quarter earnings. The SEC is investigating how Nash Finch accounted for promotional dollars.
Moderator’s Comment: Are Nash Finch’s accounting problems
having (or are they going to have) an adverse effect on its relationships with
suppliers or the retailers the company serves? [George
Anderson – Moderator]