We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
RCI Hospitality Holdings Inc | NASDAQ:RICK | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.38 | -0.74% | 50.97 | 50.34 | 53.99 | 52.50 | 50.79 | 51.72 | 43,263 | 05:00:06 |
HOUSTON, Sept. 22, 2020 /PRNewswire/ -- RCI Hospitality Holdings, Inc. (Nasdaq: RICK) today announced the settlement by the company, CEO Eric Langan, and former CFO Phillip Marshall of a civil administrative proceeding with the SEC and the conclusion of the previously disclosed SEC investigation.
The company, Mr. Langan and Mr. Marshall agreed, without admitting or denying the findings, to a cease-and-desist order regarding certain sections of the Securities Exchange Act of 1934 and certain rules promulgated thereunder. The SEC's administrative summary and order regarding its settlement with RCI, Mr. Langan and Mr. Marshall can be found at https://www.sec.gov/enforce/34-89935-s. As part of the settlement, the company agreed to a civil penalty in the amount of $400,000, and Mr. Langan and Mr. Marshall agreed to civil penalties in the amount of $200,000 and $35,000, respectively.
In accepting the settlement, the SEC considered remedial acts undertaken by RCI and cooperation afforded the Commission staff. Specifically, the company (i) engaged outside counsel to conduct an independent review; (ii) engaged a third-party consultant to assist in reviewing and revising its executive compensation process, policies and controls; and (iii) implemented new internal controls and compliance policies and procedures concerning perquisites, aircraft usage, expense reimbursement, travel, charitable contributions, related party transactions, and family employment.
Separately, the SEC also reached a settlement with Steve L. Jenkins, a former member of RCI's board of directors.
Media & Investor Contacts
Gary Fishman and Steven Anreder at 212-532-3232 or gary.fishman@anreder.com and steven.anreder@anreder.com
View original content to download multimedia:http://www.prnewswire.com/news-releases/rci-announces-settlement-of-sec-investigation-301135638.html
SOURCE RCI Hospitality Holdings, Inc.
Copyright 2020 PR Newswire
1 Year RCI Hospitality Chart |
1 Month RCI Hospitality Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions