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DMND > SEC Filings for DMND > Form 8-K on 9-Jan-2014All Recent SEC Filings

Show all filings for DIAMOND FOODS INC



Other Events

Item 8.01. Other Events.

Diamond Foods, Inc. (the "Company") today announced that the Commissioners of the Securities and Exchange Commission ("SEC") have authorized the settlement between the Company and the SEC of the previously-disclosed SEC investigation of the Company's historical accounting and reporting of certain payments to walnut growers. Without admitting or denying the allegations in the SEC's complaint, the Company has agreed to pay $5.0 million to resolve the investigation. The terms of the settlement are consistent with $5.0 million expense recorded by the Company in the first quarter of fiscal 2014, as disclosed in the Company's Quarterly Report on Form 10-Q filed on December 9, 2013. The settlement is subject to Court approval.

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