secwatch.observer — SEC 8-K summary
======================================

Issuer:     GRANITE CONSTRUCTION INC (GVA)
CIK:        0000861459
Form:       8-K
Filed at:   2022-08-31T23:59:59+00:00
Accession:  0001437749-22-021542
Event type: regulatory
Sentiment:  negative
Materiality: 0.50
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Granite Construction settles SEC investigation for $12M civil penalty, enjoined from securities law violations
--------------------------------------------------------------------------------

- Settlement with SEC resolves previously disclosed investigation; penalty of $12 million.
- Company neither admits nor denies allegations but consents to injunction against certain securities law violations.
- Accrual for the full $12M penalty was recorded in Q2 2022 and reflected in June 30, 2022 financial results.
- SEC filed complaint in Northern District of California; settlement subject to court approval.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/861459/000143774922021542/0001437749-22-021542-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/861459/000143774922021542/gva20220825c_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-021542

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer