2003. Stepp signed all of C&A's filings from the 10-K for 2001 through the quarterly report (Form 10-Q) for the second quarter of 2004. The following table identifies the impact (in millions) of the improper recognition of the McCallum round-trip payments and the other improper supplier transactions on C&A's pre-tax operating income (or pre-tax operating loss) in each reported quarter:
Operating income/(loss) w/o improper transactions
Improper supplier transactions
/ (loss) as reported
% change due to improper transactions
52.C&A has not filed any quarterly or annual reports with the Commission since filing its Form 10-Q for the third quarter of 2004 in November 2004.
53.On January 27, 2005, C&A filed a registration statement with the SEC in connection with an anticipated exchange, for unrestricted notes, of the $415 million in restricted senior subordinated notes sold in August 2004. The registration statement included C&A's quarterly and annual financial statements from 2001 through the third quarter of 2004. These financial statements materially overstated C&A's earnings and consequently the January 2005 registration statement was false or misleading.