Summary
Expeditors International of Washington, Inc. (EXPD) reported on August 20, 2010, that it and its Brazilian subsidiary, Expeditors Internacional do Brasil Ltda., received an Administrative Proceeding from the Brazilian Ministry of Justice on August 17, 2010. The company has attached the press release issued on August 20, 2010, as an exhibit to this Form 8-K, providing further details regarding this event. While the 8-K itself is brief and primarily serves to disclose the receipt of the proceeding, investors should refer to the referenced press release (Exhibit 99.1) for more comprehensive information about the nature of the proceeding, its potential impact on the company's operations or financials, and any steps Expeditors intends to take in response.
Key Highlights
- 1Expeditors International of Washington, Inc. received an Administrative Proceeding from the Brazilian Ministry of Justice.
- 2The proceeding also involves its Brazilian subsidiary, Expeditors Internacional do Brasil Ltda.
- 3The company was formally notified of the Administrative Proceeding on August 17, 2010.
- 4This information is being disclosed via a Form 8-K filed on August 20, 2010.
- 5A press release dated August 20, 2010, has been filed as Exhibit 99.1 and is incorporated by reference.
- 6Investors are directed to the press release for more detailed information.