Michael Bourne recently resigned as executive vice president, COO and acting CFO of Rexhall Industries Inc., and no replacement was named.
No reason was given for Bourne’s departure, although the Class A motorhome builder did reveal that opinion letters signed by Rexhall’s auditor were not included in the 2002 financial report the company delivered to the Securities & Exchange Commission (SEC) last month.
The SEC has since been provided the opinion letters, the Lancaster, Calif.-based firm reported.
The Nasdaq Stock Market-traded firm also revealed that Bourne did not report to the SEC the fact that he owns 12,000 shares of Rexhall stock.
As a senior executive officer of Rexhall, Bourne was required to report his Rexhall stock ownership to the SEC.
Currently, there are about 5.9 million shares of Rexhall stock outstanding, of which 3.2 million are owned by the William J. Rex and Cheryl L. Rex Trust.
William Rex, president and CEO of Rexhall, did not return a phone call.