Defendant Name: The Hain Celestial Group, Inc. 

Defendant Type: Public Company
SIC Code: 2099
CUSIP: 40521710

Initial Case Details

Legal Case Name In the Matter of The Hain Celestial Group, Inc.
First Document Date 11-Dec-2018
Initial Filing Format Administrative Action
File Number 3-18921
Allegation Type Issuer Reporting and Disclosure
AAER 3997

Violations Alleged

Exchange Act
• Sec 13(b)(2)(A)
• Sec 13(b)(2)(B)

Resolutions

First Resolution Date 11-Dec-2018

Related Documents:

34-84781 11-Dec-2018 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 December 11, 2018, the SEC issued an order against The Hain Celestial Group, Inc., stating: "From at least 2014 until May 2016, Hain U.S. sales personnel gave sales incentives to certain distributors to promote sales at the end of quarters. These incentives had potential accounting implications [...] Hain disclosed in its Annual Report for fiscal year 2016, filed in June 2017, that it had material weaknesses in its internal controls over financial reporting."
2018-277 11-Dec-2018 Press Release--Administrative Proceeding
SEC Charges The Hain Celestial Group with Internal Controls Failures
The SEC stated that: "[it] settled charges against a natural and organic food company stemming from weaknesses in the company's internal controls related to end-of-quarter sales practices that were designed to help the company meet its internal sales targets. Based upon its extensive cooperation with the SEC's investigation, which included self-reporting and remediation efforts, the SEC did not impose a monetary penalty on the company."