SEC Dismisses Proceeding Against IEH Corporation
Rhea-AI Summary
IEH Corporation (OTC:IEHC) announced that the Securities and Exchange Commission has dismissed the Division of Enforcement's proceeding seeking revocation of IEHC's registration. The company said it was late filing several periodic reports but has been current since November 2023. IEH will file a Form 8-K attaching the SEC Opinion in Administrative Proceeding File No. 3-20973 and provided the SEC link to the opinion. CEO Dave Offerman said the dismissal validates the company's actions and that IEH will immediately commence efforts to uplist its stock to improve liquidity and shareholder visibility.
Positive
- SEC dismissal of revocation proceeding in File No. 3-20973
- Company current on periodic filings since November 2023
- Planned uplisting efforts to improve liquidity and visibility
- Form 8-K to attach SEC Opinion and make it publicly available
Negative
- Company was late filing several periodic reports leading to the enforcement action
- SEC previously sought revocation of IEHC registration
Dave Offerman, President and CEO of IEH Corporation commented, "It is incredibly gratifying and validating to have this matter dismissed. The SEC has recognized that although we were late in filing several periodic reports, we rectified the issues that led to the delinquencies and have been current since November 2023. We are very pleased to finally have this matter behind us and will immediately commence efforts to uplist our stock to a platform that allows for greater liquidity, shareholder visibility and investment opportunities.
As our business continues to grow, we welcome this latest positive development and look forward to sharing more good news in the months and years ahead."
A copy of the Opinion of the SEC in SEC Administrative Proceeding File No. 3-20973 will be attached as an exhibit to Form 8-K which will be filed by IEH. The Opinion can also be located at https://www.sec.gov/files/litigation/opinions/2026/34-104601.pdf
About IEH Corporation
For over 80 years and 4 generations of family-run management, IEH Corporation has designed, developed, and manufactured printed circuit board (PCB) connectors, custom interconnects and contacts for high performance applications. With its signature Hyperboloid technology, IEH supplies the most durable, reliable connectors for the most demanding environments. The Company markets primarily to companies in defense, aerospace, medical, space and industrial applications, in the United States, Canada, Europe, Southeast and Central Asia and the Mideast. The Company was founded in 1941 and is headquartered in Brooklyn, New York.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
Certain statements contained in this press release, and in related comments by the Company's management, include "forward-looking statements." All statements, other than statements of historical facts, including, without limitation, statements or expectations regarding our financial condition, statements or expectations regarding our revenues, cash and backlog, expectations regarding future cash requirements, revenue and revenue recovery, including for fiscal year 2026 and beyond are forward-looking statements. These statements often include words such as "believe," "expect," "estimate," "plan," "will," "may," "would," "should," "could," or similar expressions, although not all forward-looking statements contain such identifying words. These statements are based on certain assumptions that the Company has made on its current expectations and projections about future events. The Company believes these judgments are reasonable, but you should understand that these statements are not guarantees of performance or results, and you should not place undue reliance on any forward-looking statements. The Company's actual performance or results could differ materially from those expressed in the forward-looking statements due to a variety of important factors, both positive and negative, as they will depend on many factors about which we are unsure, including many factors beyond our control. Among other items, such factors could include: our ability to reduce costs or increase revenue; changes in the macroeconomic environment or in the finances of our customers; changes in accounting principles, or their application or interpretation, and our ability to make accurate estimates and the assumptions underlying the estimates; our ability to attract and retain key employees and key resources; and other risk factors discussed from time to time in our filings with the SEC, including those factors discussed under the caption "Risk Factors" in our most recent annual report on Form 10-K, filed with the SEC on June 12, 2025, and in subsequent reports filed with or furnished to the SEC. Additional information concerning these and other factors can be found in our filings with the SEC. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by the foregoing cautionary statements. Except as may be required by applicable law, we do not undertake or intend to update or revise our forward-looking statements, and we assume no obligation to update any forward-looking statements contained in this press release as a result of new information or future events or developments. Thus, you should not assume that our silence over time means that actual events are bearing out as expressed or implied in such forward-looking statements. You should carefully review and consider the various disclosures we make in our filings with the SEC that attempt to advise interested parties of the risks, uncertainties and other factors that may affect our business.
Contact:
Dave Offerman
IEH Corporation
dave@iehcorp.com
718-492-4448
SOURCE: IEH Corp.
View the original press release on ACCESS Newswire
FAQ
What did the SEC decide in the proceeding against IEH Corporation (OTC:IEHC)?
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