Defendant Name: Dentsply Sirona Inc.

Defendant Type: Public Company
SIC Code: 3840
CUSIP: 24906P10

Initial Case Details

Legal Case Name In the Matter of Dentsply Sirona Inc.
First Document Date 16-Dec-2020
Initial Filing Format Administrative Action
File Number 3-20170
Allegation Type Issuer Reporting and Disclosure

Violations Alleged

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

Resolutions

First Resolution Date 16-Dec-2020

Related Documents:

34-90681 16-Dec-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 December 16, 2020, the SEC instituted settled cease-and-desist proceedings against Dentsply Sirona, Inc., stating: "DSI failed to make required disclosure of known trends and uncertainties in its periodic filings for the first three quarters of 2016 (“Relevant Period”). DSI sold more of its dental technologies equipment to its exclusive distributor for the United States (the “Exclusive Distributor”) than the distributor could sell to retail purchasers. DSI knew during the Relevant Period that retail demand for certain of its technology products was not keeping pace with the Exclusive Distributor’s purchases and that inventory levels at the Exclusive Distributor were at an all-time high."
34-90681-s 16-Dec-2020 Administrative Summary
SEC Charges Dental Supply Company with Disclosure Failures
The SEC " announced settled charges against North Carolina-based dental supply company Denstply Sirona Inc. for failing to make certain required disclosures in periodic reports filed with the SEC."