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Micropac Industries, Inc. (OTCMKTS:MPAD) Investor Investigation Over Potential Wrongdoing Announced

  • If you purchased shares of Micropac Industries, Inc. (OTCMKTS:MPAD), you have certain options and you should contact the Shareholders Foundation, Inc.

  • To have your information reviewed for options and to receive notifications about this investigation, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.

Investigation Overview

Company
Micropac Industries, Inc.
Security
OTCMKTS: MPAD

Summary

An investigation on behalf of investors in shares of Micropac Industries, Inc. (OTCMKTS:MPAD) was announced over potential breaches of fiduciary duties by certain officers and directors at Micropac Industries.

The investigation by a law firm concerns whether certain Micropac Industries officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.

Garland, TX based Micropac Industries, Inc. manufactures and distributes a range of hybrid microelectronic circuits, solid state relays, power controllers, and optoelectronic components and assemblies. Micropac Industries, Inc. reported that its Total Revenue declined from $20.03 million for the 12 months period that ended on November 30, 2015 to $17.60 million for the 12 months period that ended on November 30, 2016 and that its Net Income for those respective time periods declined from $1.49 million to $0.23 million.

On Janaury 12, 2018, OTCMKTS:MPAD shares closed at $7.85 per share.

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