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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
04/16/201508:18:30DIEBOLD TO REPORT 2015 FIRST QUARTER RESULTS ON APRIL 30, 2015
04/11/201519:12:03The 3 Best Stocks to Invest in the Future of Banking
03/19/201515:02:55Current Report Filing (8-k)
03/17/201511:53:23Statement of Changes in Beneficial Ownership (4)
03/17/201508:00:00UBS AG Brings Future Of Branch Automation To Switzerland With...
03/17/201508:00:00UBS AG Brings Future Of Branch Automation To Switzerland With...
03/16/201508:00:00Diebold Acquires Phoenix Interactive Design To Propel Its Transformation...
03/16/201508:00:00Diebold Acquires Phoenix Interactive Design To Propel Its Transformation...
03/11/201513:30:02Proxy Statement (definitive) (def 14a)
03/03/201515:45:32DIEBOLD TO ATTEND THE 2015 BANK OF AMERICA MERRILL LYNCH GLOBAL...
02/19/201514:56:49DIEBOLD CFO TO ATTEND THE 2015 SUSQUEHANNA FINANCIAL GROUP SEMI...
02/17/201517:25:01Statement of Changes in Beneficial Ownership (4)
02/17/201517:25:01Statement of Changes in Beneficial Ownership (4)
02/17/201517:24:31Statement of Changes in Beneficial Ownership (4)
02/17/201517:24:31Statement of Changes in Beneficial Ownership (4)
02/17/201517:24:04Statement of Changes in Beneficial Ownership (4)
02/17/201517:24:04Statement of Changes in Beneficial Ownership (4)
02/17/201517:23:37Statement of Changes in Beneficial Ownership (4)
02/17/201517:23:36Statement of Changes in Beneficial Ownership (4)
02/17/201515:12:18Annual Report (10-k)

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