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RPM International Provides Comment on SEC Action

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By: KERRY PIANOFORTE

Editor, Coatings World, Coatings World

RPM International Inc. issued the following comments in response to the Securities and Exchange Commission’s enforcement action filed in connection with the company’s previously disclosed restatement of its results for the first, second and third quarters of fiscal 2013. The restatements had no impact on the audited results for the fiscal year ended May 31, 2013, and the company’s audit committee concluded that there was no intentional misconduct on the part of any of its officers. Frank C. Sullivan, chairman and chief executive officer of RPM stated, “We believe the allegations have absolutely no merit and are the product of prosecutorial overreach. We intend to vigorously defend ourselves and expect our position to be vindicated in court.”

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