SeaWorld, former CEO settle SEC investigation for $5M over 'Blackfish' fallout [USA TODAY]
SeaWorld Entertainment, Inc. (SEAS)
Last seaworld entertainment, inc. earnings: 2/26 06:30 am
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Source: USA TODAY
SeaWorld agreed to pay $4 million to resolve an SEC investigation. (Photo: John Raoux, AP) CONNECT TWEET LINKEDIN COMMENT EMAIL MORE SeaWorld Entertainment and one of the company's former CEOs have agreed to pay $5 million to resolve federal accusations that they failed to properly disclose the negative impact of a damaging documentary. The U.S. Securities and Exchange Commission said Tuesday that it reached the settlement with SeaWorld and ex-CEO James Atchison over their untrue and misleading statements or omissions regarding the impact of the documentary Blackfish on the company's reputation and business. SeaWorld will pay a fine of $4 million, while Atchison will pay $1 million, which includes a fine and compensation disgorgement. Neither admitted any wrongdoing nor denied the allegations, according to the SEC. Blackfish, which was released in 2013, raised questions about the company's treatment of killer whales and their trainers. Since
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SEAS
Earnings
- 11/8/23 - In-Line
SEAS
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- 2/13/24 - Form SC
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- SEAS's page on the SEC website