Skechers U.S.A. settled $1.25M with SEC over non-disclosed executive benefits and loan violations.

Footwear company Skechers U.S.A. agreed to pay $1.25M to settle charges with the U.S. Securities and Exchange Commission (SEC) for not disclosing payments benefiting its executives and their families, as well as outstanding executive loans. The SEC found violations of reporting and proxy solicitation provisions, and Skechers did not admit or deny the findings.

March 07, 2024
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