Thursday, November 1, 2012

RRD Puts Measures In Place After Google Filing

 http://www.chicagobusiness.com/article/20121101/NEWS01/121109997/r-r-donnelley-3q-profit-shrinks-cuts-forecast
Printing services provider RR Donnelley & Sons Co., which mistakenly filed Google Inc.'s earnings report ahead of schedule two weeks ago, said it has put measures in place to prevent any such incidents in the future.The company, whose third-quarter revenue fell more than expected, is the top agent for handling Securities and Exchange Commission filings and owns the EDGAR Online portal for SEC filings, used by corporations, analysts and investors.Chief Executive Thomas Quinlan, on a conference call with analysts, called the incident "deeply regrettable"."Everyone at RR Donnelley wishes it could have been undone. We have already begun to implement additional enhancements that will help to prevent an extremely rare incident like this one from happening again," he said.
Filing agents such as Donnelley take paper documents and convert them for submission to the SEC in the appropriate format. As of mid-October, the company had handled more than 75,000 submissions this year, according to SECInfo.com. RR Donnelley also lowered its full-year revenue forecast to $10.1 billion-$10.2 billion from $10.4 billion-$10.5 billion.