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  "documentTitle": "Resideo Technologies, Inc. (REZI)",
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      "text": "Perhaps purely coincidental, REZI implemented multiple restructuring programs after buying First Alert despite the business performing ahead of plan.",
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      "text": "Excerpt: SEC Case vs. Sunbeam Corp.",
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      "text": "Pure Coincidence: REZI Announced Multiple Restructuring Programs Shortly After Buying First Alert",
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      "text": "First Alert has a sordid past. The business was at the center of a massive accounting fraud scheme back in the late 1990s. In 2002, the SEC charged Al “Chainsaw” Dunlap at Sunbeam Corporation with accounting fraud...",
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      "text": "In the First Quarter of 1998, Sunbeam Adopted Additional Expedients to Forestall an Earnings Shortfall. As Sunbeam entered 1998, channel stuffing though price discounting...",
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      "text": "In the fourth quarter of 2022, we executed multiple restructuring programs to lower costs, increase margins and position us for growth resulting in restructuring and impairment expenses of $35 million.",
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      "text": "\"In the fourth quarter of 2022, we executed multiple restructuring programs to lower costs, increase margins and position us for growth resulting in restructuring and impairment expenses of $35 million. We expect to fully execute our restructuring initiatives and programs over the next 12-24 months.\" — Resideo 2022 10-K",
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      "text": "Source: SEC Litigation release, REZI 2022 10-K, “Ex-Sunbeam Executives to Pay $15M to Settle Lawsuit”, NyTimes.com 1) Q2’22 outlook includes $325m of First Alert revenue. In 2022, it reported $341m of revenue from First Alert.",
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      "text": "First Alert: Previously Owned By Sunbeam During A Massive Accounting Fraud Scandal",
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