Joshua Abrahams, knew about the error but failed to share it with Mattel’s audit committee, the SEC found. Abrahams also provided restricted human resource advice to Mattel, it said.
“We’re pleased to have the matter behind us. While we’re not going to comment on the underlying facts, we appreciate the SEC’s recognition of the company’s remedial measures,” a Mattel company spokesperson said Friday.
The SEC said it will hold a public hearing on Abrahams’ actions.
