StoneMor Partners L.P. Completes Review of Financial Statements and Fiscal 2014 and 2015 Restatement
StoneMor Inc. (STON)
US:NYSE Investor Relations:
stonemor.com/investors/default.aspx
Company Research
Source: GlobeNewswire
TREVOSE, Pa., Sept. 15, 2017 (GLOBE NEWSWIRE) -- StoneMor Partners L.P. (NYSE:STON) (“StoneMor” or the “Partnership”) today announced it has reported financial results for the 2016 fourth quarter and full year and filed its 2016 Annual Report on Form 10-K, which includes restatements of financial statements previously issued for fiscal years 2014 and 2015. The filing follows the completion of a review of certain historical transactions undertaken by the Partnership. Since StoneMor initiated its accounting review, the Partnership has appointed a new chief executive officer and chief financial officer, each of whom has extensive operational and financial experience. New management is committed to the remediation of material weaknesses that the Partnership has identified, as well as the continued improvement of internal control over financial reporting. Paul Grady, StoneMor’s President and CEO commented, “We’re pleased to have completed the review of our prior financial statements
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