Defendant Name:
The Dow Chemical Company
Defendant Type:
Subsidiary of Public Company
Public Company Parent:
DowDuPont Inc.
SIC Code:
2821
CUSIP:
26078J10
Document Reference:
34-83581-s
Document Details
Legal Case Name
In the Matter of The Dow Chemical Company
Document Name
Dow Chemical Agrees to $1.75 Million Penalty and Independent Consultant for Failing to Disclose Perquisites
Document Date
02-Jul-2018
Document Format
Administrative Proceeding
Allegation Type
Issuer Reporting and Disclosure
Document Summary
On July 2, 2018, the SEC issued a press release regarding SEC charges against The Dow Chemical Company, stating: "The SEC's order finds that from 2011-2015, Dow failed to ensure that approximately $3 million in perquisites provided to its chief executive officer ("CEO") were adequately identified and disclosed as other compensation in Dow's 2013-2016 proxy statements. These authorised but undisclosed perquisites included the CEO's personal use of Dow aircraft and other expenses."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Compliance Related Independent Consultant
Monetary Penalties:
Civil Penalty
Individual:
$1,750,000.00
Shared: