EEI 2017 Form 10-K

Table of Contents Management has developed a remediation plan to address the material weakness noted above. Specifically, the following controls have been established or will be established during the fiscal year ended July 31, 2018: · Enhancing management review controls over the financial statement close process to ensure appropriate cutoff for purposes of recording revenues and expenses, and appropriate review of the consolidation process, including intercompany elimination entries; · Expanding the roles of third-party tax experts for preparation and review of income tax provisions, and development of specific procedures for management to monitor and review the work of third-party tax experts; and · Developing a process for periodic review of specific key factors and assumptions utilized in the goodwill impairment assessment model to identify changes that potentially could result in goodwill impairment. Management has developed a detailed plan and timetable for the implementation of the foregoing remediation efforts. Under the direction of the Audit Committee, management will monitor the implementation plan and continue to review and make necessary changes to the plan to improve the overall design of the Company’s internal control environment. In May 2014, COSO adopted an updated Internal Control—Integrated Framework , which includes enhancements to, and clarifications of, its original framework published in 1992. The Company adopted COSO’s updated framework during fiscal year 2017, and intends to fully implement the updated framework during fiscal year 2018. This annual report does not include an attestation report of the Company’s registered public accounting firm regarding internal control over financial reporting. By: /s/Gerard A. Gallagher III By: /s/H. John Mye III Gerard A. Gallagher III H. John Mye III Chief Executive Officer Chief Financial and Accounting Officer Item 9B. Other Information None to report. 59