Defendant Name:
Dentsply Sirona Inc.
Defendant Type:
Public Company
SIC Code:
3840
CUSIP:
24906P10
Document Reference:
34-90681
Document Details
Legal Case Name
In the Matter of Dentsply Sirona 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
16-Dec-2020
Document Format
Administrative Proceeding
Allegation Type
Issuer Reporting and Disclosure
Document Summary
On December 16, 2020, the SEC instituted settled cease-and-desist proceedings against Dentsply Sirona, Inc., stating: "DSI failed to make required disclosure of known trends and uncertainties in its
periodic filings for the first three quarters of 2016 (“Relevant Period”). DSI sold more of its dental
technologies equipment to its exclusive distributor for the United States (the “Exclusive
Distributor”) than the distributor could sell to retail purchasers. DSI knew during the Relevant
Period that retail demand for certain of its technology products was not keeping pace with the
Exclusive Distributor’s purchases and that inventory levels at the Exclusive Distributor were at an
all-time high."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Monetary Penalties:
Civil Penalty
Individual:
$1,000,000.00
Shared: