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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
09/02/201509:00:00Ecuador's Banco Internacional Transforms ATM Network With Diebold...
09/01/201509:00:00Diebold Electronic Security Utilizes API And Cloud Technology...
08/05/201509:00:00Banorte Selects Phoenix Software to Build Omnichannel Strategy
07/30/201514:21:00Diebold annonce ses résultats financiers du deuxième trimestre 2...
07/30/201507:41:02Quarterly Report (10-q)
07/30/201507:34:44Current Report Filing (8-k)
07/30/201507:30:00Diebold Streamlines Senior Leadership Structure for Next Phase...
07/30/201507:00:00Diebold Reports 2015 Second Quarter Financial Results
07/30/201507:00:00Diebold Reports 2015 Second Quarter Financial Results
07/24/201514:30:00Diebold Declares Third-Quarter Cash Dividend
07/16/201508:50:32DIEBOLD TO REPORT 2015 SECOND QUARTER RESULTS ON JULY 30
06/26/201514:12:17Annual Report of Employee Stock Plans (11-k)
06/26/201514:06:31Annual Report of Employee Stock Plans (11-k)
06/24/201514:16:51Current Report Filing (8-k)
06/16/201509:00:00Desert Schools Federal Credit Union Achieves Branch Transformation...
06/09/201515:43:35Diebold in Talks to Buy German Rival Wincor Nixdorf -Reuters
06/08/201509:00:00Diebold CEO To Give Keynote Address At European ATMs Conference...
06/08/201509:00:00Diebold CEO To Give Keynote Address At European ATMs Conference...
06/05/201512:14:54Current Report Filing (8-k)
06/01/201512:28:35Specialized Disclosure Report (sd)

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