Defendant Name:
Compass Minerals International, Inc.
Defendant Type:
Public Company
Document Reference:
2022-171
Document Details
Legal Case Name
In the Matter of Compass Minerals International, Inc.
Document Name
SEC Charges Compass Minerals for Misleading Investors about Its Operations at World's Largest Underground Salt Mine
Document Date
23-Sep-2022
Document Format
Administrative Proceeding
Allegation Type
Issuer Reporting and Disclosure
Document Summary
On September 23, 2022, the SEC "announced settled charges
against Compass Minerals International Inc. for misleading investors about a technology upgrade that the
company claimed would reduce costs at its most significant mine, but in reality, had increased costs, and for failing
to properly assess whether to disclose the financial risks created by the company’s excessive discharge of
mercury in Brazil. Compass is ordered to pay $12 million to settle the charges."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Compliance Related Independent Consultant
Monetary Penalties:
Total Penalty
Individual:
$12,000,000.00
Shared: