Ferro 8-K 2007
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Item 8.01 Other Events.
On September 13, 2007, Ferro Corporation entered into a settlement agreement with the U.S. Securities and Exchange Commission ("SEC") related to previously disclosed inappropriate accounting entries in Ferro’s Polymer Additives business, which were discovered in 2004. As part of the settlement and without admitting or denying any wrongdoing, Ferro has agreed to the entry of an administrative order by the SEC. The order directs Ferro to cease and desist from committing or causing violations of certain of the reporting provisions of Federal securities laws and related SEC rules. The SEC’s order contains no finding of securities fraud or violation of any antifraud provision of Federal securities laws or related SEC rules. Ferro was not required to pay any monetary penalty or fine in connection with the resolution of this matter.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.