ComScore Inc. disclosed in a regulatory filing Wednesday, that its Chief Executive Serge Matta and Chief Financial Officer Melvin Wesley will step down from those positions in the wake of an internal investigation into accounting matters. The audience measurement company also said it would not be able to file its second-quarter quarterly report in the time required, as it completes the accounting investigation. The company named Co-Founder Gian Fulgoni as CEO and Executive Revenue Officer David Chemerow as CFO. Matta will remain on the company's board, while Wesley will remain as EVP. Regarding the accounting investigation, the company said it was "substantially complete." It has identified " certain areas of potential concern, including with respect to certain accounting and disclosure practices and controls that the Company, with input from its consultants and counsel, is further analyzing," the filing stated. The stock, which was still inactive in premarket trade, has plunged 37% year to date, while the S&P 500 has gained 6.7%. (This replaces an earlier item that incorrectly reported the name of the new CFO.)
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