Defendant Name:
Stephen J. Easterbrook
Defendant Type:
Individual
Document Reference:
33-11144
Document Details
Legal Case Name
In the Matter of Stephen J. Easterbrook and McDonald's Corporation
Document Name
Order Instituting Cease-and-Desist Proceedings Pursuant to Section 8A of the Securities Act of 1933 and Section 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing a Cease-a-Desist Order
Document Date
09-Jan-2023
Document Format
Administrative Proceeding
Allegation Type
Issuer Reporting and Disclosure
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
The Commission ordered that: "the full amount of disgorgement and prejudgment interest shall be deemed satisfied by the compensation Easterbrook repaid to McDonald’s in resolution of the company’s claims in McDonald’s Corporation v. Stephen J. Easterbrook, C.A. No. 2020-0658-JRS (Del. Ct. Ch.)."
Bars:
- Bar from acting as Director or Officer of a public company for 5 years
Monetary Penalties:
Disgorgement
Individual:
$52,728,069.00
Shared:
Civil Penalty
Individual:
$400,000.00
Shared:
Pre-Judgment Interest
(Penalty was noted in document, but no amount was listed)
Other Defendants in Action:
