Defendant Name: Hilton Worldwide Holdings Inc.

Defendant Type: Public Company
SIC Code: 7011
CUSIP: 43300A20

Initial Case Details

Legal Case Name In the Matter of Hilton Worldwide Holdings Inc.
First Document Date 30-Sep-2020
Initial Filing Format Administrative Action
File Number 3-20109
Allegation Type Issuer Reporting and Disclosure

Violations Alleged

Exchange Act
• Rule 12b-20
• Sec 13(a)
• Rule 13a-1
• Sec 14(a)
• Rule 14a-3

Resolutions

First Resolution Date 30-Sep-2020
Headline Total Penalty and Disgorgement $600,000

Related Documents:

34-90052 30-Sep-2020 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 September 30, 2020, the SEC instituted settled cease-and-desist proceedings against Hilton Worldwide Holdings Inc. The Commission stated: "This matter arises from Hilton Worldwide Holdings Inc.’s failure to disclose in its definitive proxy statements approximately $1.7 million worth of certain travel-related perquisites and personal benefits it paid to, or on behalf of, its Chief Executive Officer, President, and member of its board of directors (the “CEO”) and certain other executives who were eligible for travel-related benefits (together with the CEO, the “Named Executive Officers”), from 2015 through 2018."
2020-242 30-Sep-2020 Press Release--Administrative Proceeding
SEC Charges Hospitality Company for Failing to Disclose Executive Perks
The SEC "announced settled charges against Virginia-based hospitality company Hilton Worldwide Holdings Inc. for failing to fully disclose perquisites and personal benefits provided to executive officers. The action was generated by the Division of Enforcement's use of risk-based data analytics to uncover potential violations related to corporate perquisites."