Defendant Name: Ingram Micro Inc.

Defendant Type: Public Company
SIC Code: 5045
CUSIP: 45715310

Initial Case Details

Legal Case Name In the Matter of Ingram Micro Inc.
First Document Date 12-May-2009
Initial Filing Format Administrative Action
File Number 3-13466
Allegation Type Issuer Reporting and Disclosure
AAER 2968

Violations Alleged

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


First Resolution Date 12-May-2009
Headline Total Penalty and Disgorgement

See Related Documents

Related Documents:

34-59903 12-May-2009 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 12, 2009, the SEC instituted settled cease-and-desist proceedings against Ingram Micro Inc. stating: "These proceedings arise out of the business dealings between Ingram Micro and McAfee, Inc., formerly known as Network Associates, Inc. (referred to herein as “McAfee”) during the period from the second quarter of 1998 through the third quarter of 2000 when McAfee was engaged in a massive financial fraud. During that period, McAfee overstated its revenues and earnings by stuffing its distribution channel at Ingram Micro with levels of inventory far in excess of any reasonable expectation of sales to end users while misreporting its revenues from these sales to their distributors. For its part, Ingram Micro, McAfee’s largest customer and greatest single source of revenue, engaged in a variety of highly irregular transactions with McAfee, many of them lacking in economic substance, which enabled McAfee to continue overselling its products to Ingram Micro. In the course of its business dealings with McAfee, Ingram Micro failed to keep accurate books and records and failed to devise and maintain an adequate system of internal controls."

Related Actions:

SEC v. McAfee Inc.