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1
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SEC ADMINISTRATIVE PROCEEDING
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EXTRACTED KEY WORDS
SALES EXCHANGE ACT ACCOUNTING SECURITIES ACT COMMISSION MANAGEMENT ADMINISTRATIVE PROCEEDINGS EARNINGS RESERVES INCOME FINANCIALS BILL REVENUE CUSTOMERS RESTRUCTURING FINANCIAL STATEMENTS FINDINGS SUNBEAM CORPORATION TRANSACTION ACCELERATED SALES MATERIALLY FALSE GAAP REQUIREMENTS APPROXIMATIONS MISLEADING DISCLOSURE STOCK PRICE SUBSTANTIAL BUSINESS PURPOSE PURCHASE ORDERS EARNINGS SHORTFALL |
UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
SECURITIES ACT OF 1933
Release No. 7976 / May 15, 2001
SECURITIES EXCHANGE ACT OF 1934
Release No. 44305 / May 15, 2001
ACCOUNTING AND AUDITING ENFORCEMENT
Release No. 1393 / May 15, 2001
ADMINISTRATIVE PROCEEDING
File No. 3-10481
_________________________________________________________________
In the Matter of
SUNBEAM CORPORATION,
Respondent.
_________________________________________________________________
ORDER INSTITUTING PUBLIC
ADMINISTRATIVE PROCEEDINGS,
PURSUANT TO SECTION 8A OF THE
SECURITIES ACT OF 1933 AND
SECTION 21C OF THE SECURITIES
EXCHANGE ACT OF 1934, MAKING
FINDINGS, AND IMPOSING A
CEASE-AND-DESIST ORDER
I.
The Securities and Exchange Commission ("Commission") deems it
appropriate that public administrative proceedings be, and hereby are,
instituted with respect to Sunbeam Corporation ("Sunbeam" or the
"Company") pursuant to Section 8A of the Securities Act of 1933
("Securities Act") and Section 21C of the Securities Exchange Act of
1934 ("Exchange Act").
II.
In anticipation of the institution of these administrative
proceedings, Sunbeam has submitted an Offer of Settlement ("Offer")
that the Commission has determined to accept. Solely for the purpose
of these proceedings, and any other proceeding brought by or on behalf
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