U.S. SEC fines Koppers Holdings for making misleading statements

Koppers Holdings

01/11/2022 14:25

Nov 1 (Reuters) - Koppers Holdings Inc  KOP.N  agreed to
pay a $1.3 million civil fine to resolve U.S. Securities and
Exchange Commission charges it failed to disclose material
information about financial measures it highlighted regarding
its efforts to reduce debt.
    The regulator said on Tuesday that the Pittsburgh-based
provider of carbon compounds, chemicals and wood products did
not disclose that it met its debt reduction targets by
withholding substantial past-due vendor payments in its 2019
fiscal year.
    Koppers did not admit or deny wrongdoing.
 (Reporting by Jonathan Stempel in New York; Editing by Chizu
Nomiyama)
 ((jon.stempel@thomsonreuters.com; +1 646 223 6317; Reuters
Messaging: jon.stempel.thomsonreuters.com@reuters.net))