SeaWorld received written "Wells" notice from SEC
As previously disclosed in filings of SeaWorld Entertainment, with the U.S. Securities and Exchange Commission, SEC,the company has been cooperating with an investigation by the Commission concerning certain disclosures and public statements made by the company and certain individuals on or before August 2014 and trading in the Company's securities. On April 6, the company received a written "Wells" notice from the Commission indicating that staff of the Commission has made a preliminary determination to recommend to the Commission that a civil enforcement action or administrative proceeding be brought against the company. No individual currently employed by the company has received a Wells notice. The Wells notice issued to the company states that the proposed action against the company would allege violations of certain provisions of the U.S. federal securities laws. The Wells notice states that the Staff's recommendation may involve various civil or administrative actions or proceedings, and may seek remedies that include an injunction, a cease-and-desist order, disgorgement, pre-judgment interest and civil money penalties. The company will continue to cooperate with the Commission's inquiry and intends to respond through a Wells submission to the Staff setting forth why the Company believes no action should be commenced against it.