Defendant Name:
DXC Technology Company
Defendant Type:
Public Company
SIC Code:
7373
CUSIP:
23355L10
Document Reference:
33-11166
Document Details
Legal Case Name
In the Matter of DXC Technology Company
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-and-Desist Order
Document Date
14-Mar-2023
Document Format
Administrative Proceeding
AAER
4391
Allegation Type
Issuer Reporting and Disclosure
Document Summary
On March 14, 2023, the SEC instituted settled cease-and-desist proceedings against DXC Technology Company, stating: "This matter concerns material misstatements made by DXC in its reporting and disclosures of non-GAAP financial performance measures, including non-GAAP net income and non-GAAP diluted earnings per share (“EPS”), in multiple quarterly and annual Exchange Act reports and earnings releases."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Other Compliance Related Undertaking
Cooperation Before the Resolution
Remedial Acts or Efforts Before the Resolution
Monetary Penalties:
Civil Penalty
Individual:
$8,000,000.00
Shared:
