other material
confidence high
sentiment negative
materiality 0.85
Legacy Housing delays 2021 10-K, launches internal review of inventory valuation methods
Legacy Housing Corp
- Internal review begun March 28 covers inventory valuation, cost expensing, prepaid inventory, and accounts payable.
- Review is ongoing; completion timing cannot be estimated.
- Company will not file 2021 Form 10-K by extended due date of March 31, 2022 due to the review.
- After the review, company will determine if restatement of prior periods is needed.