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CORRECT: SEC Charges Diebold With Fraudulent Accounting

("SEC Charges Diebold With Fraudulent Accounting," published at 1:36 p.m. EDT, omitted which year the charge was recorded in the second paragraph. A corrected story follows.) DOW JONES NEWSWIRES Diebold Inc. (DBD) has paid $25 million to settle Securities and Exchange Commission charges that the company engaged in a fraudulent accounting scheme to inflate earnings, the agency said in a statement. The settlement relates to an inquiry the agency took place over the last several years, and the company took a charge related to it in the first quarter of 2009, Diebold said in a separate statement. The maker of ATMs and electronic security products neither admitted nor denied the charges in agreeing to the payment. "We are pleased that the settlement with the SEC is final," President and Chief Executive Thomas W. Swidarski said. Separately, the SEC filed an enforcement action against former chief executive Walden O'Dell seeking reimbursements of benefits he received. O'Dell has agreed to reimburse the company $470,016 in cash bonuses, 30,000 shares of Diebold stock and stock options for 85,000 shares under a section of the Sarbanes-Oxley Act depriving executives of certain compensation received when the company misled investors. The agency's case against former chief financial officers Gregory Geswein and Kevin Krakora and director of corporate accounting Sandra Miller is ongoing. Diebold's shares were down 0.8% to $27.98 in recent trading. -By Matt Jarzemsky, Dow Jones Newswires; 212-416-2240, matthew.jarzemsky@dowjones.com

Stock News for Diebold (DBD)
DateTimeHeadline
08/24/201611:48:04Initial Statement of Beneficial Ownership (3)
08/24/201611:47:37Initial Statement of Beneficial Ownership (3)
08/19/201609:11:41Current Report Filing (8-k)
08/19/201603:14:00Diebold's $1.8 Billion Acquisition of Wincor Nixdorf Could Impact...
08/16/201609:14:01Current Report Filing (8-k)
08/16/201607:00:00Diebold Nixdorf Era Begins
08/15/201607:00:00Diebold Completes Wincor Nixdorf Acquisition
08/08/201608:02:40Current Report Filing (8-k)
08/05/201613:41:00Diebold et Wincor Nixdorf ont complété avec satisfaction la c...
08/04/201616:30:00Diebold And Wincor Nixdorf Achieve Satisfaction Of Final Closing...
08/04/201616:30:00Diebold And Wincor Nixdorf Achieve Satisfaction Of Final Closing...
08/04/201611:02:00Diebold Appoints Marquez To Lead Operations In Americas
08/03/201616:23:25Statement of Changes in Beneficial Ownership (4)
07/28/201607:41:36Quarterly Report (10-q)
07/28/201607:28:05Current Report Filing (8-k)
07/28/201607:00:00Diebold Reports 2016 Second Quarter Financial Results
07/21/201609:00:00Diebold to Conduct Investor Call on 2016 Second Quarter Financial...
07/19/201613:40:00Diebold Declares Third Quarter Cash Dividend
06/24/201609:09:54Annual Report of Employee Stock Plans (11-k)
06/24/201609:07:56Annual Report of Employee Stock Plans (11-k)

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