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Krispy Kreme Concludes Internal Investigation

Krispy Kreme Doughnuts, Inc./PRNewswire-FirstCal 08/10/2005

According to a report by a special committee named by Krispy Kreme’s board to look into the company’s past practices, former chairman and CEO Scott Livengood and COO John Tate were responsbile for failing “to establish the management tone, environment and controls essential for meeting” Krispy Kreme’s “responsibilities as a public company.”

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