Terex: SEC investigates restatements

News Story
- 8 Sep 2005 ( #225 ) - WESTPORT, CT, United States
1 min read
Telehandler manufacturer Terex Corp has announced that the Securities & Exchange Commission (SEC) is investigating the restatement of its reports for 2000 to 2003 and other past transactions.

Terex said it had also received a subpoena from SEC requiring it to produce documents connected to transactions between Terex, its subsidiaries, and United Rentals, in 2000 and 2001.

Terex said it would voluntarily provide the SEC with information.

According to Dow Jones News Service, Terex is a major supplier to United Rentals. In June, Terex chairman and chief executive Ronald Defeo resigned from the United Rentals board to avoid potential conflicts of interest.

Early this year, Terex announced it was restating past financial statements after an internal audit of intercompany transactions found accounting errors (Forkliftaction.com News #192).
New Year, New Innovations for the Front End of Your Forklift or AGV
At Cascade Corporation, we know the forks and attachments used to handle your loads are essential to keeping your material handling operations running smoothly. That’s why selecting products that integrate seamlessly with each other (and your workflow) can be a time-consuming and difficult task.
Read more Submit your article
New! 2023 forklift dealer special
See your dealership promoted extensively on Forkliftacion and Machinery-onQ with our 12-month dealer advertising package. You'll receive: Wholesale trading (wholesale prices and opportunities) Unlimited stock on Machinery-onQ Extensive promotion...
Read more Submit your article
Read all this week's news

Your Focus

Submit your blog
Paul Rivers
Paul Rivers

Latest Jobs

Lexington, KY, United States
Louisville, KY, United States
Huntingdon Valley PA, United States
Inver Grove Heights, MN, United States
More Jobs

Next Editorial Features

• SMART ATTACHMENTS - Mar 2023
• DRIVERLESS/AUTOMATED MATERIALS HANDLING - Apr 2023
Ask us about editorial contribution

In the Virtual Expo

SMS RI Multi-colour Print & Cut Industrial Labelling System
This unique in-house label printer manages all your customised label printing - the most user-friendly and efficient print & cut system ever. Easy to use, reliable, produces durable signs and labels.
Visit the Virtual Expo

Latest Jobs

Louisville, Mississippi, United States
Huntingdon Valley PA, United States
Richland, Mississippi, United States
Melbourne, Australia
More Jobs
Long Valley, NJ, United States Racking specialist Frazier has announced the passing of executive vice president, Domenick Iellimo at the age of 69. He passed away peacefully in New Jersey surrounded by loved ones...
Read more Submit your news
Ramos Arizpe, Mexico Skyjack has opened a new manufacturing facility in Ramos Arizpe, Mexico. The new 200,000 sqft. (18,600 sqm) plant will manufacture Skyjack’s telehandler and boom range following significant changes and...
Read more Submit your news
Read all this week's news

Fact of the week

From 1912 to 1948, gold, silver and bronze medals were awarded for literature, architecture, sculpture, painting, and music as part of the modern Olympic Games. Art works were required to be inspired by athletic endeavors. After heated debate about their place in the games, the art events were eventually removed. The 151 medals awarded were officially stricken from the Olympic record.

FOR SALE ON MACHINERY-ONQ

|
Toyota 50-8FD25
HysterH2.0FT
Netherlands
MoffettM55
Canada Ontario
Ice26INCH-RIDER-SCRUBBER
United States Pennsylvania

Forklift Diaries

Unlikely muse? On crafting the perfect rock anthem for machine operators
PeO Axelsson
Read Blog

Latest Jobs

Louisville, Mississippi, United States
Melbourne, Australia
Lexington, KY, United States
Dallas, TX, United States
More Jobs