An investigation for investors in NYSE:SPA shares over potential securities laws violations by Sparton and certain of its directors and officers was announced.
Investors who purchased shares of Sparton Corporation (NYSE:SPA), have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 – 1554.
The investigation by a law firm focuses on whether a series of statements by Sparton regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On September 8, 2015, Sparton Corporation reported its fiscal 2015 full year results. Sparton Corporation reported that its Total Revenue rose from $336.50 million for the 12 months period that ended on June 30, 2014 to $382.12 million for the 12 months period that ended on June 30, 2015 while its Net Income for those time periods declined from $12.99 million to $10.99 million.
On February 5, 2016, Sparton Corporation announced that Cary B. Wood has resigned as its President and Chief Executive Officer, effective immediately.
Shares of Sparton Corporation (NYSE:SPA) declined to as low as $11.19 per share on February 8, 2016.
On February 19, 2016, NYSE:SPA shares closed at $14.38 per share.
Those who purchased NYSE:SPA shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
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