D.E Master Blenders informed Hillshire Brands that its internal investigation related to the accounting irregularities has been largely completed, according to Hillshire Brands. The timing of the filing is contingent upon the completion of the investigation and conclusion of the Hillshire Brands’ fiscal 2012 audit. The company stated there will be no changes to any of its fourth quarter or year-end financial results that were issued on Aug. 9.
The filing delay is due to an investigation into accounting irregularities at D.E Master Blenders 1753 N.V., which, along with Hillshire Brands, was a part of the Sara Lee Corp. until both companies were spun off prior to the end of fiscal year 2012.
