Search Menu
Photonics Media Photonics Marketplace Photonics Spectra BioPhotonics EuroPhotonics Vision Spectra Photonics Showcase Photonics ProdSpec Photonics Handbook

GSI Group Settles with SEC

Facebook Twitter LinkedIn Email Comments
BEDFORD, Mass., May 18, 2011 — GSI Group Inc. has announced the resolution of the previously disclosed investigation by the US Securities and Exchange Commission (SEC) into the historical accounting practices of the company's Semiconductor Systems segment.

GSI has agreed to settle with the SEC, without admitting to or denying the commission's findings, by consenting to the entry of an administrative order. It requires the company to cease and desist from committing or causing any violations and any future violations of the reporting, books and records, and internal controls provisions of the Securities Exchange Act of 1934.

The SEC did not charge GSI with fraud; nor did the SEC require GSI to pay a civil penalty or other money damages as part of the settlement, which completely resolves the SEC investigation as it relates to GSI.

GSI is a supplier of laser-based solutions, precision motion controls, semiconductor systems and other technologies.

For more information, visit:
May 2011
accounting practicesAmericasBusinesscivil penaltyfraudGSI Grouplaser-based solutionsMassachusettsprecision motion controlsSECSecurities and Exchange CommissionSecurities Exchange Act of 1934Semiconductor SystemsTest & Measurementlasers

view all
Search more than 4000 manufacturers and suppliers of photonics products and services worldwide:

back to top
Facebook Twitter Instagram LinkedIn YouTube RSS
©2021 Photonics Media, 100 West St., Pittsfield, MA, 01201 USA, [email protected]

Photonics Media, Laurin Publishing
x We deliver – right to your inbox. Subscribe FREE to our newsletters.
We use cookies to improve user experience and analyze our website traffic as stated in our Privacy Policy. By using this website, you agree to the use of cookies unless you have disabled them.