regulatory
confidence high
sentiment negative
materiality 0.75
AAR resolves FCPA investigations with DOJ and SEC; agrees to pay $55.6M total
AAR CORP
- Total payment of $55.6M includes DOJ penalty of $26.4M, forfeiture of $18.6M, and SEC disgorgement of $23.5M plus $5.8M interest.
- One-time charge recorded in fiscal 2025 Q2 ending Nov 30, 2024; funded via cash on hand and revolving credit facility.
- Company self-reported potential violations in 2019 and cooperated; DOJ and SEC acknowledged cooperation and remedial actions.
- Conduct principally carried out by former employee of a subsidiary and former third-party agents, per resolutions.