Defendant Name: National Beverage Corp.

Defendant Type: Public Company

Document Reference: 34-92560-s

Document Details

Legal Case Name In the Matter of National Beverage Corp.
Document Name SEC Charges Beverage Company for Failing to Disclose Executive Perquisites
Document Date 04-Aug-2021
Document Format Administrative Proceeding
File Number 3-20451
Allegation Type Issuer Reporting and Disclosure
Document Summary The SEC "announced settled charges against publicly-traded National Beverage Corp. for failing to adequately evaluate and disclose in its annual proxy statements certain executive perquisites related to the use of an aircraft by its Chief Executive Officer."

Disgorgement & Penalty Information

Resolutions
Cease and Desist Order
Monetary Penalties:

Civil Penalty

Individual:     $481,920.00 Shared:    

Related Documents:

34-92560 04-Aug-2021 Administrative Proceeding
Order Instituting Cease-And-Desist Proceedings Pursuant to Section 21C of the Securities Exchange Act of 1934, Making Findings, Imposing a Cease-and-Desist Order
The Commission stated: "From fiscal years 2016 through 2020, NBC did not adequately evaluate and disclose certain executive perquisites in its annual proxy statements related to the authorized but undisclosed use of an aircraft (the “Aircraft”) by the Chief Executive Officer (“CEO”) that was not integrally and directly related to his job duties."