NAPCO Security Technologies, Inc.

Zornberg v. NAPCO Security Technologies, Inc. et al., (Case No. 1:23-cv-06045), E.D.N.Y.

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After the market closed on August 18, 2023, NAPCO Security Technologies disclosed a material weakness in its controls over financial reporting. The Company identified errors related to its calculation of cost of goods sold and inventory for the first three quarters of fiscal year 2023.

Shares of NAPCO Security Technologies stock dropped more than 25% in afterhours trading on August 18, 2023.

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