Horizon reports support from customers
Horizon Lines said in a statement filed with the U.S. Securities and Exchange Commission that it “has begun conducting meetings with customers, vendors and others to discuss the company's daily operations and its commitment to customer service excellence.”
“The vast majority of its customers have indicated that they will continue to rely on the company for shipping services at the same levels as prior to the company's filing of its 2010 Form 10-K on March 28, 2011 which included a going concern modification to its unqualified audit opinion,” Horizon said. It added it was “experiencing a slight improvement in its accounts receivable aging through the end of the first quarter.”
The company said it had made the statement to satisfy the requirements of the SEC’s “fair disclosure rule” that requires public companies to make public information when it discloses material nonpublic information to individuals such as stock analysts, or holders of the issuer’s securities who may well trade on the basis of the information.
Horizon reports support from customers
