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BLIO |
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As previously disclosed, as a result of an Audit Committee investigation at the Company's Brazilian subsidiary (BLIO), it was learned that certain Brazilian tax authorities had made tax assessments against BLIO which had not been reflected in the subsidiary's financial statements as required by the Company's established policies and procedures. BLIO) and tax assessments against BLIO by Brazilian taxing authorities that related to several prior years. However, the parties believed it was prudent to execute the letter waiver as a precautionary measure to allow for the orderly completion of the investigation into the BLIO events by the Company's Audit Committee. |
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