Violation Tracker Individual Record

Company: 
Tyson Foods, Inc.
Current Parent Company: 
Tyson Foods
Penalty: 
$1,500,000
Year: 
2005
Date: 
April 28, 2005
Offense Group: 
financial offenses
Primary Offense: 
accounting fraud or deficiencies
Violation Description: 

Tyson Foods, Inc. agreed to pay $1.5 million to settle allegations that in proxy statements filed with the SEC from 1997 to 2003 it made misleading disclosures of perquisites and personal benefits provided to its former chairman both prior to and after his retirement.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Securities and Exchange Commission
Civil or Criminal Case: 
civil
HQ Country of Parent: 
USA
HQ State of Parent: 
Arkansas
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
food products
Specific Industry of Parent: 
poultry processing and meatpacking
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.