Kraft Heinz Statement on SEC Settlement
“Kraft Heinz reached a settlement with the U.S. Securities and Exchange Commission on September 3rd, concluding and resolving in its entirety the previously disclosed SEC investigation relating to activities in our procurement area prior to 2019. As reflected in the SEC’s Order, those activities included misconduct by certain procurement employees who engaged in manipulation of supplier agreements in order to achieve group and individual performance targets tied to bonuses. The impact of the 59 transactions at issue in the Order did not affect the Company’s reported Adjusted EBITDA by more than 1 percent in..."
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