Hanger, Austin, Texas, filed a Current Report Form 8-K with the U.S. Securities and Exchange Commission (SEC) on February 6 stating that the SEC’s Division of Enforcement will not recommend enforcement action against the company. Hanger had previously discussed with the Division of Enforcement the evidence that Hanger’s Audit Committee uncovered in its investigation into the circumstances surrounding certain of the accounting misstatements that led to the company’s restatement. The Division of Enforcement requested documents and other information from Hanger concerning the restatement and related matters and Hanger responded to these inquiries.
In a letter dated January 10, the Division of Enforcement notified Hanger that it had concluded its investigation of these matters and, based on information it had as of that date, did not intend to recommend an enforcement action by the SEC against the company.
