The Shareholders Foundation announces that an investigation on behalf of investors of Schweitzer-Mauduit International, Inc. (NYSE:SWM) shares is ongoing concerning potential securities laws violations by Schweitzer-Mauduit International and certain of its directors and officers.
Investors who purchased shares of Schweitzer-Mauduit International, Inc. (NYSE:SWM) have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 – 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Schweitzer-Mauduit International, Inc. (NYSE:SWM) concerning whether a series of statements by Schweitzer-Mauduit International regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Schweitzer-Mauduit International, Inc. reported that its annual Total Revenue rose from $772.80 million in 2013 to $794.30 million in 2014 and that its respective Net Income increased from $76.10 million to $89.70 million.
On March 18, 2015 Schweitzer-Mauduit International, Inc. announcedthat on March 13, 2015, Jeffrey A. Cook, Executive Vice President, Chief financial Officer and Treasurer of the Company, notified Schweitzer-Mauduit International, Inc. of his intention to retire effective April 3, 2015. Schweitzer-Mauduit International, Inc. said it has initiated a search for Mr. Cook’s replacement. Bob Cardin, the Controller of the Company, will assume Mr. Cook’s duties until a replacement has been identified.
In addition, Stephen Dunmead, Chief Operating Officer of the Company, notified the Company on March 13, 2015 of his intention to resign from the Company effective April 15, 2015. Mr. Villoutreix, the Chief Executive Officer and Chairman of the Company, will assume Mr. Dunmead’s duties. There are no immediate plans to find a permanent replacement for Mr. Dunmead. Shares of Schweitzer-Mauduit International, Inc. (NYSE:SWM) declined on March 18, 2015, to $43.32 per share.
On March 30, 2015, NYSE:SWM shares closed at $46.11 per share.
Those who purchased shares of Schweitzer-Mauduit International, Inc. (NYSE:SWM) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North – Suite 423
92108 San Diego