Defendant Name: The Greenbrier Companies, Inc.

Defendant Type: Public Company

Document Reference: 2023-43

Document Details

Legal Case Name In the Matter of The Greenbrier Companies, Inc.
Document Name SEC Charges Global Transportation Company Greenbrier and Former CEO for Failing to Disclose Perks and Payments
Document Date 02-Mar-2023
Document Format Administrative Proceeding
File Number 3-21318
Allegation Type Issuer Reporting and Disclosure
Document Summary The SEC "announced settled charges against Oregon-based freight transportation supply company, The Greenbrier Companies Inc., and its founder and former CEO and Chairman, William A. Furman, for failing to disclose perks provided to Furman and other Greenbrier executives and compensation Furman received from Greenbrier’s charters of Furman’s private plane for travel by company executives, including Furman. Greenbrier and Furman agreed to pay $1 million and$100,000 in civil penalties, respectively, to settle the charges."

Disgorgement & Penalty Information

Resolutions
Cease and Desist Order
Monetary Penalties:

Civil Penalty

Individual:     $1,000,000.00 Shared:    

Related Documents:

33-11162 02-Mar-2023 Administrative Proceeding
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-and-Desist Order
The Commission stated: "These proceedings arise from Greenbrier’s failure to disclose: certain perquisites to its founder and former CEO, William A. Furman (“Furman”), and certain other named executive officers (NEOs); and Greenbrier’s failure to disclose certain information regarding related person transactions involving Furman."

Related Actions:

In the Matter of William A. Furman
William A. Furman