Defendant Name:
Skechers U.S.A., Inc.
Defendant Type:
Public Company
Document Reference:
2024-33
Document Details
Legal Case Name
In the Matter of Skechers U.S.A., Inc.
Document Name
SEC Charges Skechers with Making Undisclosed Payments to Executives' Family Members; Company also charged with failing to disclose outstanding loans to its
executives
Document Date
07-Mar-2024
Document Format
Administrative Proceeding
Allegation Type
Issuer Reporting and Disclosure
Document Summary
On March 7, 2024, the SEC "announced that Skechers
U.S.A. Inc., a footwear company based in California, agreed to settle charges for failing to disclose payments for
the benefit of its executives and their immediate family members. Skechers agreed to pay a $1.25 million civil
penalty to settle the SEC’s charges."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Monetary Penalties:
Civil Penalty
Individual:
$1,250,000.00
Shared: