Jason Industries Inc

Automotive
USA
Jason Inc

According to its Annual Report filed with the SEC for fiscal year 2016: "On February 17, 2016, the Company filed an initial voluntary self-disclosure notice with the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) regarding certain transactions between Osborn International GmbH, a foreign-incorporated Germany subsidiary of the Company, and Iran Khodro Industrial Group and other commercial entities based in Iran (the “Transactions”). The Company discovered the Transactions during an evaluation of the Company’s global sanctions compliance procedures. The Company is currently evaluating the Transactions and will submit a full report to OFAC within 60 days. The Company cannot predict when OFAC will conclude its review of the voluntary-self disclosure."