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  "documentTitle": "Avery Dennison Corporation (AVY)",
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  "authorName": "Ben Axler",
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  "presentationDate": "2020-11-10 00:00:00",
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      "text": "“The SEC is conducting a formal investigation into, among other things, the facts involved in the fair value measurements used in accounting for the Business Combination and the impairment charge recognized during 2018. We are cooperating with this investigation. At this point we are unable to predict the timing or outcome of this investigation. If the SEC determines that violations of the federal securities laws have occurred, the agency has a broad range of civil penalties and other remedies available, some of which, if imposed on us, could be material to our business, financial condition or results of operations.”",
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      "text": "Hackett left Riverstone’s Board to form, and become, the CEO of Alta Mesa Resources - created through a blank check company called Silver Run Acquisition Corp. II Alta Mesa fell into distress and the SEC is conducting a formal investigation into its financial controls and an “impairment charge”",
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      "text": "Hackett left Riverstone’s Board to form, and become, the CEO of Alta Mesa Resources - created through a blank check company called Silver Run Acquisition Corp. II Alta Mesa fell into distress and the SEC is conducting a formal investigation into its financial controls and an \"impairment charge\"",
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      "text": "James Hackett (59) ... Peter Barker (64) ...",
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      "text": "Given our concerns about the frequency and financial irregularities associated with Avery Dennison’s restructuring and impairment charges, we find it curious that troubles at Mr. Barker’s other companies also center around charges and asset impairments (notably at Fluor and Stone Energy). Mr. Barker is also closely connected to James Hackett, and served with him on the Board of Riverstone Energy Ltd from 2013 – 2016. Mr. Hackett and Mr. Barker are also on the Board of Fluor. Mr. Hackett formed Alta Mesa Resources through SPAC called Silver Run Acquisition Corp II, which is also under investigation by the SEC related to “impairment charges”.(1) Mr. Leuschen is also on the Board of Alta Mesa.",
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      "text": "“The SEC is conducting a formal investigation into, among other things, the facts involved in the fair value measurements used in accounting for the Business Combination and the impairment charge recognized during 2018. We are cooperating with this investigation. At this point we are unable to predict the timing or outcome of this investigation. If the SEC determines that violations of the federal securities laws have occurred, the agency has a broad range of civil penalties and other remedies available, some of which, if imposed on us, could be material to our business, financial condition or results of operations.” — Alta Mesa 2019 10-K",
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      "text": "1) Press Release: Silver Run Acquisition Corporation II Completes its Business Combination with Alta Mesa Holdings, Feb 9, 2018",
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      "text": "Source: Alta Mesa 2019 10-K",
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      "text": "Barker And Hackett Connection",
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