Defendant Name:
Hilton Worldwide Holdings Inc.
Defendant Type:
Public Company
SIC Code:
7011
CUSIP:
43300A20
Document Reference:
34-90052
Document Details
Legal Case Name
In the Matter of Hilton Worldwide Holdings Inc.
Document Name
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
Document Date
30-Sep-2020
Document Format
Administrative Proceeding
Allegation Type
Issuer Reporting and Disclosure
Document Summary
On September 30, 2020, the SEC instituted settled cease-and-desist proceedings against Hilton Worldwide Holdings Inc. The Commission stated: "This matter arises from Hilton Worldwide Holdings Inc.’s failure to disclose in its definitive proxy statements approximately $1.7 million worth of certain travel-related perquisites and personal benefits it paid to, or on behalf of, its Chief Executive Officer, President, and member of its board of directors (the “CEO”) and certain other executives who were eligible for travel-related benefits (together with the CEO, the “Named Executive Officers”), from 2015 through 2018."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Cooperation Before the Resolution
Remedial Acts or Efforts Before the Resolution
Monetary Penalties:
Civil Penalty
Individual:
$600,000.00
Shared:
