DENTSPLY SIRONA Inc. Receives Favorable Outcome from SEC Investigation

Strategic Insights -

DENTSPLY SIRONA Inc. has announced that the Division of Enforcement of the Securities and Exchange Commission (SEC) has concluded its investigation into the company, commenced in May 2022, without intention to recommend any enforcement action against the company. This favorable outcome comes after a thorough investigation led by the Audit and Finance Committee into allegations regarding certain financial reporting matters submitted by current and former employees of DENTSPLY SIRONA Inc. The company has been cooperating fully with the SEC throughout the investigation.

Key Takeaways:

  • The SEC Investigation into DENTSPLY SIRONA Inc. was initiated in May 2022, following an investigation led by the Audit and Finance Committee into allegations of financial reporting misconduct.
  • The company voluntarily contacted the SEC regarding these matters and has cooperated fully throughout the investigation.
  • The SEC has concluded its investigation without intending to recommend any enforcement action against DENTSPLY SIRONA Inc.
  • The company views the closure of the investigation as a significant and favorable development.
  • DENTSPLY SIRONA Inc. has made efforts to address the allegations and ensure transparency in their financial reporting.

Statistics:

  • The SEC Investigation into DENTSPLY SIRONA Inc. lasted approximately 3 years.
  • The company cooperated fully with the SEC throughout the investigation.
  • The SEC has concluded its investigation into DENTSPLY SIRONA Inc. without intention to recommend enforcement action.

Sources:

  • EDGAR Online via COMTEX
  • Securities Exchange Act of 1934
  • SEC Rule 405
  • SEC Rule 12b-2
  • Securities Exchange Act of 1934, Section 13(a)