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| WMAR > SEC Filings for WMAR > Form 8-K on 23-Jul-2009 | All Recent SEC Filings |
23-Jul-2009
Other Events, Financial Statements and Exhibits
On July 23, 2009, West Marine, Inc. (the "Company") announced that the Securities and Exchange Commission (the "SEC") approved the final settlement between the Company and the SEC regarding the previously-disclosed investigation of the Company in connection with the facts and circumstances that gave rise to the Company's 2007 restatement of its financial results for fiscal years 2002 through 2005 and for the first three quarters of fiscal year 2006. Under the terms of the settlement, the Company neither admits nor denies any of the SEC's allegations and has agreed to settle the charges by consenting to a permanent injunction against committing or causing any violations or future violations of Sections 17(a)(2)and (3) of the Securities Act of 1933, as amended, and Sections 13(a), 13(b)(2)(A) and 13(b)(2)(B) of the Securities Exchange Act of 1934, as amended. No fines, penalties or other monetary sanctions were assessed against the Company, and the Company understands that the SEC is not proceeding against any of the Company's past or current employees or directors. This settlement concludes the SEC's formal investigation of the Company. A copy of the press release announcing this settlement is attached to this report as Exhibit 99.1.
(a) Not Applicable.
(b) Not Applicable.
(c) Not Applicable.
(d) Exhibit:
99.1 Press Release dated July 23, 2009.
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