Cutter & Buck

From Wikipedia, the free encyclopedia

Cutter & Buck (formerly NASDAQ: CBUK) is a manufacturer of upscale apparel for golf and other sports. Founded in 1990, the company went public in 1995 and was sold to New Wave Group AB, a Swedish-based corporation, on 4/13/07.

Cutter & Buck's headquarters are in the Fremont neighborhood of Seattle, Washington.

[edit] Wire Fraud

In 2003, Cutter & Buck's former CFO, Stephen S. Lowber, plead guilty to felony wire fraud relating to lying about the company's revenue in 2000. Cutter & Buck itself placed the blame for the fraud on the company's co-founder and then-CEO Harvey Jones, as well as then-CFO Marty Marks and three other executives. The Cutter & Buck corporation paid no fines for these misstatements; however, it did agree with the SEC to stronger accounting practices.[1]

[edit] Notes

  1. ^ Former Cutter & Buck exec pleads guilty to wire fraud. Puget Sound Business Journal (2003). Retrieved on 2007-11-06.

[edit] External links

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