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Jul 13

Angeion CFO fired for mysterious reasons

Posted by Going Concern in financial statementsfinancial reportingCFOsCFO resignationsCareers/ManagementC-level executives

Going Concern

Submitted by Caleb Newquist, republished from Going Concern, Accounting News for Accountants and CFOs.

Anyone that is in St. Paul/Minneapolis (ideally Baker Tilly Virchow Krause employees) should get in touch with us because this reeks of bad behavior that we absolutely must know about:

"Angeion Corporation has terminated the employment of its Chief Financial Officer, William J. Kullback, effective July 9, 2010. The termination of Mr. Kullback is not related to any issue with respect to the company's financial statements."

Yes, that's all there is. We did poke around a little bit and found that Mr Kullback was formerly with Pricewaterhouse which could lead one to believe that he's got a bit of a temper and/or was roofied, but then again we're just throwing that out there.

We rang up Angeion to see what's what and left a message with CEO Rodney Young who is supposed to call us back. We'll report back if we find out the scoop.

8-K [SEC Filing]

UPDATE: Mr Young got back to us and we had a very pleasant chat although he wouldn't elaborate on the dismissal of Mr Kullback, so speculate away! Or if you've got actual knowledge that will do too.


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