Sept. 27, 2019—PPG announced Thursday the investigation by the U.S. Securities and Exchange Commision (SEC) regarding PPG's financial reporting for the period of December 2016 through April 2018 has been resolved.
PPG previously reported and disclosed the matter in April 2018 and filed an amended Form 10-K on June 22, 2018. The settlement involves no financial penalty.
PPG further announced that the U.S. Attorney’s Office for the Western District of Pennsylvania (USAO) has informed PPG that it will not pursue any action as to the company. PPG had previously reported and disclosed the existence of the USAO investigation on January 17.
The SEC acknowledged PPG’s self-reporting, its ongoing cooperation throughout the investigation, and its prompt remedial actions.
