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Diebold CFO others notified of possible SEC action
NORTH CANTON, Ohio (3/26/09)--ATM manufacturer Diebold announced Wednesday that the Securities and Exchange Commission (SEC) has notified the company of possible action to address its previously restated financial statements. Diebold is cooperating with the SEC regarding the matter and could enter into a settlement agreement, the company said in a release. Kevin Krakora, Diebold executive vice president and chief financial officer (CFO), and other employees received a Wells notice from the SEC. In the notice, the SEC indicated that Diebold may have violated provisions of federal securities laws. After receiving the notice, Krakora stepped down from his role as CFO and is serving Diebold in a non-financial reporting capacity until the matter is resolved. Leslie A. Pierce, vice president and corporate controller, will take his place for the time being, Diebold said.
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