PetiIQ Is Aware Of A Domestic Incident Involving R. Michael Herrman That Is Subject Of Ongoing Investigation Involving Law Enforcement; Effective June 26, Co. Has Placed Herrman On Administrative Leave Pending Further Investigation
Portfolio Pulse from Bill Haddad
PetIQ has placed R. Michael Herrman on administrative leave effective June 26 due to an ongoing law enforcement investigation into a domestic incident involving him.
June 26, 2023 | 8:53 pm
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NEGATIVE IMPACT
PetIQ placed R. Michael Herrman on administrative leave due to an ongoing investigation, which may cause short-term uncertainty for the company.
The ongoing investigation involving R. Michael Herrman and his subsequent administrative leave may cause short-term uncertainty for PetIQ. Investors may be concerned about the potential impact on the company's operations and reputation.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100