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Perma-Fix Says COO Lied About Having College Degree

Date: July 13, 2009

Source: Perma-Fix Environmental Services (SEC Filing)

Perma-Fix Environmental Services suffered an embarrassing ordeal this week in announcing that its chief operating officer "incorrectly advised" or rather lied to the company about graduating from college. The company, which treats low-level radioactive and hazardous waste for companies and government agencies, said it was considering "appropriate action, if any," but it felt COO Larry McNamara's decade at Perma-Fix and previous experience in the nuclear waste industry demonstrated his qualifications for the job. Perma-Fix became aware McNamara was not a University of Iowa graduate on July 10, the company said in a filing with regulators at the Securities and Exchange Commission (SEC).

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