Defendant Name: Hilton Worldwide Holdings Inc.

Defendant Type: Public Company

Document Reference: 2020-242

Document Details

Legal Case Name In the Matter of Hilton Worldwide Holdings Inc.
Document Name SEC Charges Hospitality Company for Failing to Disclose Executive Perks
Document Date 30-Sep-2020
Document Format Administrative Proceeding
File Number 3-20109
Allegation Type Issuer Reporting and Disclosure
Document Summary The SEC "announced settled charges against Virginia-based hospitality company Hilton Worldwide Holdings Inc. for failing to fully disclose perquisites and personal benefits provided to executive officers. The action was generated by the Division of Enforcement's use of risk-based data analytics to uncover potential violations related to corporate perquisites."

Disgorgement & Penalty Information

Resolutions
Cease and Desist Order
Monetary Penalties:

Civil Penalty

Individual:     $600,000.00 Shared:    

Related Documents:

34-90052 30-Sep-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 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."