Defendant Name: Skechers U.S.A., Inc.

Defendant Type: Public Company
SIC Code: 3143
CUSIP: 83056610

Initial Case Details

Legal Case Name In the Matter of Skechers U.S.A., Inc.
First Document Date 07-Mar-2024
Initial Filing Format Administrative Action
File Number 3-21893
Allegation Type Issuer Reporting and Disclosure

Violations Alleged

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

Resolutions

First Resolution Date 07-Mar-2024
Headline Total Penalty and Disgorgement

See Related Documents

Related Documents:

34-99693 07-Mar-2024 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 March 7, 2024, the SEC instituted settled instituting cease-and-desist proceedings against Skechers U.S.A., Inc., stating: "This matter concerns Skechers’s failure to make required disclosures of related person transactions in its annual reports and definitive proxy statements for fiscal years 2018 through 2021."
2024-33 07-Mar-2024 Press Release--Administrative Proceeding
SEC Charges Skechers with Making Undisclosed Payments to Executives' Family Members; Company also charged with failing to disclose outstanding loans to its executives
On March 7, 2024, the SEC "announced that Skechers U.S.A. Inc., a footwear company based in California, agreed to settle charges for failing to disclose payments for the benefit of its executives and their immediate family members. Skechers agreed to pay a $1.25 million civil penalty to settle the SEC’s charges."