Home / Restatements / CENTURY ALUMINUM CO

5/5CENTURY ALUMINUM CO (CENX): Non-reliance / restatement

Filed 2026-03-03 路 Form 8-K 路 Accession 0001628280-26-013781 mid

Market data

Price before filing: $51.36 (2026-03-02 close, split/dividend-adjusted)
Market cap at flag: $5.24B (2026-03-03) 路 Latest: $3.47B (2026-10-16)

What happened next

WindowCENXSPYvs SPY
30 days+21.8%-4.2%+26.0%2026-04-02
90 days+24.4%+10.8%+13.6%2026-06-01
180 days-10.9%+12.3%-23.2%2026-08-31

Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.

Insider trading around this filing

90 days before the flag: 5 insiders sold $14.7M (5 sales)
30 days after: 6 insiders sold $338.3M (7 sales)

DateInsiderTypeSharesPriceValue10b5-1 planSource
2026-01-23Gary Jesse E
President and CEO, Director
Sale150,000$48.19$7.2MyesForm 4
2026-02-23DeZee John
EVP, GC and Secretary
Sale66,000$50.72$3.3MnoForm 4
2026-02-25Gudlaugsson Gunnar
EVP - Global Operations
Sale43,000$54.10$2.3MnoForm 4
2026-02-27Hafberg Agust F
SVP & Chief Commercial Officer
Sale22,884$51.24$1.2MnoForm 4
2026-03-02Aboud Matt
SVP, Strategy & Business Dev't
Sale12,126$52.50$637KnoForm 4
2026-03-03: red flag filed
2026-03-03Aboud Matt
SVP, Strategy & Business Dev't
Sale2,971$52.67$156KnoForm 4
2026-03-04GLENCORE INTERNATIONAL AG (+2 joint filers)
10% owner
Sale6,315,245$51.75$326.8MnoForm 4
2026-03-04Hoffman Robert F
SVP, IT and CAO
Sale10,000$56.33$563KnoForm 4
2026-03-11Hoffman Robert F
SVP, IT and CAO
Sale10,529$56.51$595KnoForm 4
2026-03-12Calloway Kenneth L
SVP, Human Resources
Sale18,000$58.00$1.0MnoForm 4
2026-03-16Gary Jesse E
President and CEO, Director
Sale150,000$55.47$8.3MyesForm 4
2026-03-25Trpkovski Peter A
EVP, CFO
Sale16,739$50.51$845KnoForm 4

Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-12-03 to 2026-04-02. Excludes option exercises, grants, gifts and tax withholding. Amended filings replace the originals; joint filings count once. Foreign private issuers do not file Form 4. Many insider sales are pre-scheduled (10b5-1 plans) and are not by themselves a sign of wrongdoing.

Verified excerpt

"On March 2, 2026, following receipt of a further comment letter in which the Staff informed the Company that it disagreed with the Company's materiality conclusion, the Audit Committee, after discussions with senior management and the Company's independent registered public accountants, concluded that the Company's previously issued consolidated financial statements as of and for the fiscal years ended December 31,..."

Quoted from the filing. Source

What this means

The company says previously issued financial statements should no longer be relied upon (8-K Item 4.02). This is one of the most serious accounting red flags: past reported numbers were wrong and will be restated.

Read the original filing on SEC.gov →

Not investment advice. Automated summary; verify against the filing.

Get the weekly "Red Flags" newsletter

The week's most serious auditor changes, restatements, late filings and going-concern warnings, in plain English. Free. Unsubscribe anytime.

Subscribe to the newsletter →
The signup form didn't load here (often an ad or privacy blocker). This opens beehiiv's secure signup page.

Form not showing? Subscribe on beehiiv →

Newsletter delivered by beehiiv. See our privacy policy.