The Securities and Exchange Commission (SEC) on Wednesday announced settled charges against gas exploration and production company Gulfport Energy and its former CEO Michael Moore for failing to properly disclose as compensation certain perquisites provided to Moore and related personal expenses.
The details: From 2014 to 2018, Gulfport failed to disclose approximately $650,000 in executive compensation in the form of perks received by Moore, which included the cost of his use of the company’s chartered aircraft for certain travel, according to the SEC. Gulfport also failed to disclose costs associated with Moore’s use of a corporate credit card for personal expenses that he did not repay on a timely basis, the agency said.
