Defendant Name:
Huntington Bancshares, Inc.
Defendant Type:
Public Company
SIC Code:
6020
CUSIP:
44615010
Initial Case Details
Legal Case Name
In the Matter of Huntington Bancshares, Inc., Thomas E. Hoaglin, Michael J. McMennamin, and John Van Fleet, CPA
First Document Date
02-Jun-2005
Initial Filing Format
Administrative Action
File Number
3-11940
Allegation Type
Issuer Reporting and Disclosure
Violations Alleged
Additionally,
John Van Fleet is alleged to have aided and abetted Huntington Bancshares, Inc.'s violation of Rule 12b-20 of the Exchange Act.
Thomas E. Hoaglin is alleged to have aided and abetted Huntington Bancshares, Inc.'s violation of Rule 12b-20 of the Exchange Act.
Michael J. McMennamin is alleged to have caused Huntington Bancshares, Inc.'s violation of Rule 12b-20 of the Exchange Act.
John Van Fleet is alleged to have aided and abetted Huntington Bancshares, Inc.'s violation of Sec 13(a) of the Exchange Act.
Thomas E. Hoaglin is alleged to have aided and abetted Huntington Bancshares, Inc.'s violation of Sec 13(a) of the Exchange Act.
Michael J. McMennamin is alleged to have caused Huntington Bancshares, Inc.'s violation of Sec 13(a) of the Exchange Act.
John Van Fleet is alleged to have aided and abetted Huntington Bancshares, Inc.'s violation of Rule 13a-1 of the Exchange Act.
Thomas E. Hoaglin is alleged to have aided and abetted Huntington Bancshares, Inc.'s violation of Rule 13a-1 of the Exchange Act.
Michael J. McMennamin is alleged to have caused Huntington Bancshares, Inc.'s violation of Rule 13a-1 of the Exchange Act.
John Van Fleet is alleged to have aided and abetted Huntington Bancshares, Inc.'s violation of Sec 13(b)(2)(A) of the Exchange Act.
Thomas E. Hoaglin is alleged to have aided and abetted Huntington Bancshares, Inc.'s violation of Sec 13(b)(2)(A) of the Exchange Act.
Michael J. McMennamin is alleged to have caused Huntington Bancshares, Inc.'s violation of Sec 13(b)(2)(A) of the Exchange Act.
John Van Fleet is alleged to have aided and abetted Huntington Bancshares, Inc.'s violation of Sec 13(b)(2)(B) of the Exchange Act.
Thomas E. Hoaglin is alleged to have aided and abetted Huntington Bancshares, Inc.'s violation of Sec 13(b)(2)(B) of the Exchange Act.
Michael J. McMennamin is alleged to have caused Huntington Bancshares, Inc.'s violation of Sec 13(b)(2)(B) of the Exchange Act.
Thomas E. Hoaglin is alleged to have aided and abetted Huntington Bancshares, Inc.'s violation of Sec 17(a)(2) of the Securities Act.
Resolutions
First Resolution Date
02-Jun-2005
Headline Total Penalty and Disgorgement
See Related Documents
Related Documents:
33-8579
02-Jun-2005
Administrative Proceeding
Order Instituting Public Administrative and Cease-and-Desist Proceedings Pursuant to Section 8A of the Securities Act of 1933 and Section 21C of the Securities Exchange Act of 1934 and Rule 102(e) of the Commission's Rules of Practice, Making Findings, Imposing a Cease-and-Desist Order, Imposing Remedial Sanctions, and Other Relief
On June 2, 2005, the SEC instituted settled administrative and cease-and-desist proceedings against Huntington Bancshares, Inc., Thomas E. Hoaglin, Michael J. McMennamin, and John Van Fleet, CPA. According to the SEC: "This matter involves financial reporting fraud in connection with Huntington's financial statements included in the annual reports the Bank filed with the Commission for fiscal years 2001 and 2002 in violation of Sections 17(a)(2) and 17(a)(3) of the Securities Act. In both years, Huntington reported inflated earnings in its financial statements, enabling the Bank to meet or exceed Wall Street analyst earnings per share ('EPS') expectations and to meet internal EPS targets ('Target EPS') that determined the bonuses of senior management. Using improper accounting that was qualitatively material, Huntington overstated 2001 operating earnings by $8.5 million ($.04 per share) and 2002 operating earnings by $17.1 million ($.08 per share). Without the misstatements, Huntington's earnings would have fallen short of analyst operating earnings expectations in both years and in 2002 bonuses for Hoaglin and McMennamin, the Bank's CEO and CFO, respectively, would have been eliminated and the bonus for Van Fleet, the Bank's controller, would have been reduced. In 2001 and 2002, Huntington offered and sold securities pursuant to Forms S-3 and S-8 registration statements filed with the Commission under the Securities Act. The registration statements incorporated by reference materially misleading reports filed under Section 13(a) of the Exchange Act and Rule 13a-1 thereunder containing the above-described overstatements of earnings."
34-63290
09-Nov-2010
Administrative Proceeding
Order Directing Disbursement of Fair Fund
On November 9, 2010, the Commission filed an Order directing a disbursement of $35,716 from the Fair Fund to investors. The Fair Fund was approved and modified in October of 2006 and the total amount of the Fund is $8,634,485.29.
Notice of Name Change of Appointed Tax Administrator
On June 30, 2017, the SEC announced a Name Change of Appointed Tax Administrator, and amended the Omnibus Order, beginning June 2017 and for calendar year 2018, to replace all references to Damasco with "Miller Kaplan Arase LLP which acquired Damasco & Associates LLP" in order to reflect Damasco's name change.
34-83997
30-Aug-2018
Administrative Proceeding
Order Authorizing the Transfer to the U.S. Treasury of the Remaining Funds and Any Funds Returned to the Fair Fund in the Future, Discharging the Plan Administrator, and Terminating the Fair Fund
The Commission stated: "Accordingly, it is ORDERED that: A. The remaining Fair Fund balance of $9,271,961.73, and any funds returned to the Fair Fund in the future, shall be transferred to the U.S. Treasury; B. The Plan Administrator, Nancy R. Grunberg, is discharged; and C. The Fair Fund is terminated"
Other Defendants in Action:
