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Violation Tracker Individual Record

Company: Compass Minerals International Inc.
Current Parent Company: Compass Minerals International
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $12,000,000
Year: 2022
Date: September 23, 2022
Offense Group: financial offenses
Primary Offense: investor protection violation
Violation Description: Compass Minerals International agreed to pay $12 million to settle allegations of misleading investors about a technology upgrade that the company claimed would reduce costs at its most significant mine, but in reality, had increased costs, and failing to properly assess whether to disclose the financial risks created by the company's excessive discharge of mercury in Brazil.
Level of Government: federal
Action Type: agency action
Agency: Securities and Exchange Commission
Civil or Criminal Case: civil
HQ Country of Current Parent: USA
HQ State of Current Parent: Kansas
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: mining and minerals
Specific Industry of Current Parent: mining
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.