Sparton Corporation (NYSE:SPA) Investor Investigation Concerning Potential Securities Laws Violations Announced

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Company Name(s): 
Sparton

February 16, 2016 (Shareholders Foundation) - An investigation on behalf of investors of Sparton Corporation (NYSE:SPA) shares over potential securities laws violations by Sparton and certain of its directors and officers in connection certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Sparton Corporation (NYSE:SPA) concerning whether a series of statements by Sparton regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Shares of Sparton Corporation (NYSE:SPA) grew from $6.28 per share ion September 2011 to as high as $33.36 per share in March 2014.
On September 8, 2015, Sparton Corporation reported its fiscal 2015 full year results.

Sparton Corporation reported that its Total Revenue rose from $336.50 million for the 12 months period that ended on June 30, 2014 to $382.12 million for the 12 months period that ended on June 30, 2015 while its Net Income for those time periods declined from $12.99 million to $10.99 million.

On February 5, 2016– Sparton Corporation announced that Cary B. Wood has resigned as its President and Chief Executive Officer, effective immediately.

Shares of Sparton Corporation (NYSE:SPA) declined to as low as $11.19 per share on February 8, 2016.