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
File Number 3-21893
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:    

Related Documents:

34-99693 07-Mar-2024 Administrative Proceeding
Order Instituting Cease-and-Desist Proceedings Pursuant to Section 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing a Cease-and-Desist Order
On March 7, 2024, the SEC instituted settled instituting cease-and-desist proceedings against Skechers U.S.A., Inc., stating: "This matter concerns Skechers’s failure to make required disclosures of related person transactions in its annual reports and definitive proxy statements for fiscal years 2018 through 2021."