SEC and Express Settle Charges Related to Disclosure Obligations

The Securities and Exchange Commission (SEC) settled charges with Express, Inc., in which it alleged that the fashion retailer failed to disclose executive compensation paid to its now-former CEO in fiscal years 2019, 2020 and 2021.Express Inc.’s failure to disclose $979,269 worth of perks and personal benefits to its CEO during those years resulted in it understating the “All Other Compensation” portion of the CEO’s compensation by an average of 94%, the SEC said in a Tuesday (Dec. 17) press release.“Publi ...