Defendant Name: CSK Auto Corporation

Defendant Type: Subsidiary of Public Company
Public Company Parent: O’Reilly Automotive Inc.
SIC Code: 5530
CUSIP: 67103H10

Initial Case Details

Legal Case Name In the Matter of CSK Auto Corporation
First Document Date 26-May-2009
Initial Filing Format Administrative Action
File Number 3-13485
Allegation Type Issuer Reporting and Disclosure
AAER 2974

Violations Alleged

Exchange Act
• Sec 10(b) + Rule 10b-5
• Rule 12b-20
• Sec 13(a)
• Rule 13a-1
• Sec 13(b)(2)(A)
• Sec 13(b)(2)(B)
Securities Act
• Sec 17(a) (Not specified)

Resolutions

First Resolution Date 26-May-2009

Related Documents:

33-9032 26-May-2009 Administrative Proceeding
Order Instituting Cease-and-Desist Proceedings Pursuant to Section 8A of the Securities Act of 1933 and Section 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing a Cease-and-Desist Order
On May 26, 2000, the SEC instituted settled cease-and-desist proceedings against CSK Corporation. The SEC stated: "This case involves a financial reporting fraud at CSK during the company’s fiscal years 2002, 2003, and 2004. Specifically, CSK, through its former chief operating officer, former chief financial officer, former controller, and former director of credits and receivables (all of whom left CSK in 2006), materially overstated the company’s income by (i) failing to write off vendor allowance receivables when they knew, or should have known, the receivables were uncollectible, and (ii) improperly recognizing certain vendor allowances during fiscal year 2003. CSK’s failure to write off vendor allowances and improper recognition of vendor allowances in 2003 were contrary to Generally Accepted Accounting Principles (“GAAP”)."
33-9034 29-May-2009 Administrative Proceeding
Order Under Section 27A(b) of the Securities Act of 1933 and Section 21E(b) of the Securities Exchange Act of 1934, Granting Waivers of the Disqualification Provisions of Section 27A(b)(1)(A)(ii) of the Securities Act of 1933 and Section 21E(b)(1)(A)(ii) of the Securities Exchange Act of 1934
The SEC ordered: " a waiver from the disqualification provisions of 27A(b)(1)(A)(ii) of the Securities Act and Section 21E(b)(1)(A)(ii) of the Exchange Act as to O’Reilly resulting from the entry of the Cease-and-Desist Order is hereby granted. "