secwatch.observer — SEC 8-K summary
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Issuer:     IEH Corp (IEHC)
CIK:        0000050292
Form:       8-K
Filed at:   2023-06-09T23:59:59+00:00
Accession:  0001174947-23-000850
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 4.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

IEH Corporation announces non-reliance on FY2020 audited and prior interim financials due to inventory system errors
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- Errors from migration to new enterprise accounting system led to understated cost of goods sold, overstated income tax expense and net income for FY2020.
- Financial statements for quarters ended Sep 27, 2019 and Dec 31, 2019 also deemed unreliable; exact quantitative impact still being determined.
- Company plans to file a Super 10-K covering restated FY2020 audited, interim periods through Dec 31, 2021, and audited FY2021 and FY2022.
- Company ceased SEC filings after Oct 2020 10-K while resolving inventory reporting issues; this 8-K is filed June 8, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/50292/000117494723000850/0001174947-23-000850-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/50292/000117494723000850/form8k-30353_ieh.htm
  HTML page:      https://secwatch.observer/filing/0001174947-23-000850

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