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Liberty Catching Up with SEC Filing

Liberty Tax is catching up with its financial reporting obligations. The tax services company this week filed with the SEC its 10-Q forms for the second quarter ended October 31 and third quarter ended January 31, along with Form 10-K for the year ended April 30. It still must file the form for the first quarter ended July 31.

 

Liberty, which has changed ownership, is trying to restore its listing on the NASDAQ system. It was delisted because of its delinquent reports. The stock now trades in the pink sheets. It had previously reported unaudited annual results—this week’s filing was for audited results.

This stemmed from the ouster of CEO and founder John Hewitt a year ago and the resignation of two audit firms in the turmoil that followed. Cherry Bekaert became the new outside auditor on June 28 Hewitt sold his controlling shares to Vintage Tributum in July. In August, the investment firm selected new directors. 

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