Securities Enforcement Empirical Database (SEED)

Defendant Name: William D. Shovers

Defendant Type: Individual

Initial Case Details

Legal Case Name SEC v. Ranko "Ron" Cucuz, William D. Shovers, Jesus Bonilla-Valdez, Ronald Lee Kolakowski, and HLI Operating Company, Inc., f/k/a Hayes Lemmerz International, Inc.

First Document Date 25-Apr-2006

Initial Filing Format Civil Proceeding

Case Number 06-cv-11935

Allegation Type Issuer Reporting and Disclosure

Federal District Court Michigan, Eastern District of Michigan

Affiliations

Former: CFO at HLI Operating Company, Inc., f/k/a Hayes Lemmerz International, Inc. (February 1993—October 2001)

Violations Alleged

Exchange Act

• Sec 10(b) + Rule 10b-5

• Sec 13(b)(5)

Securities Act

• Sec 17(a)(3)

• Sec 17(a) (Not specified)

Other

• Rules 13b2-1, 13b2-2 Exchange Act

Related Violations Alleged

William D. Shovers is alleged to have aided and abetted HLI Operating Company, Inc., f/k/a Hayes Lemmerz International, Inc.'s violation of Rule 12b-20 of the Exchange Act.

William D. Shovers is alleged to have aided and abetted HLI Operating Company, Inc., f/k/a Hayes Lemmerz International, Inc.'s violation of Sec 13(a) of the Exchange Act.

William D. Shovers is alleged to have aided and abetted HLI Operating Company, Inc., f/k/a Hayes Lemmerz International, Inc.'s violation of Rule 13a-1 of the Exchange Act.

William D. Shovers is alleged to have aided and abetted HLI Operating Company, Inc., f/k/a Hayes Lemmerz International, Inc.'s violation of Rule 13a-13 of the Exchange Act.

William D. Shovers is alleged to have aided and abetted HLI Operating Company, Inc., f/k/a Hayes Lemmerz International, Inc.'s violation of Sec 13(b)(2)(A) of the Exchange Act.

William D. Shovers is alleged to have aided and abetted HLI Operating Company, Inc., f/k/a Hayes Lemmerz International, Inc.'s violation of Sec 13(b)(2)(B) of the Exchange Act.

Resolutions

Bars:

Bar from acting as Director or Officer of a public company (of permanent duration)

First Resolution Date 22-Dec-2008

Headline Total Penalty and Disgorgement $50,000

Other Defendants in Action:

HLI Operating Company, Inc., f/k/a Hayes Lemmerz International, Inc.

Ranko "Ron" Cucuz

Jesus Bonilla-Valdez

Ronald Lee Kolakowski

Related Actions:

In the Matter of James Jarrett

James Jarrett

In the Matter of Allen Buntin

Allen Buntin

In the Matter of Greg Jones

Greg Jones

In the Matter of William D. Shovers, CPA

William D. Shovers