Defendant Name: GSI Group, Inc.

Defendant Type: Public Company
SIC Code: 3600
CUSIP: 36191C20

Initial Case Details

Legal Case Name In the Matter of GSI Group, Inc.
First Document Date 13-May-2011
Initial Filing Format Administrative Action
File Number 3-14386
Allegation Type Issuer Reporting and Disclosure
AAER 3283

Violations Alleged

Exchange Act
• Rule 12b-20
• Sec 13(a)
• Rule 13a-1
• Rule 13a-11
• Rule 13a-13
• Sec 13(b)(2)(A)
• Sec 13(b)(2)(B)
• Sec 20(a)

Resolutions

First Resolution Date 13-May-2011

Related Documents:

34-64498 13-May-2011 Administrative Proceeding
Order Instituting Cease-and-Desist Proceedings Pursuant to Section 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing a Cease-and-Desist Order
On May 13, 2011, the SEC filed an administrative proceeding against GSI Group, Inc. The SEC alleges that "[f]rom at least 2004 through at least June 2008, GSI improperly recognized revenue on certain transactions even though revenue recognition was prohibited pursuant to generally accepted accounting principles. The improper revenue recognition resulted in part from a deficient system of internal controls." The SEC accepted a settlement offer from the company that provides that the company will cease and desist from further violations of the Exchange Act.

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