SEC Claws Back $2.8M From Former CSK Auto CEO

Law360, New York (November 15, 2011, 10:13 PM EST) -- The U.S. Securities and Exchange Commission on Tuesday said that the former CEO of CSK Auto Corp. agreed to return $2.8 million in bonuses he received while the parts company committed accounting fraud to overstate its income by $66 million over three years.

In a filing in Arizona federal court, the SEC said Maynard L. Jenkins agreed to repay his bonuses including stock profits to O’Reilly Automotive Inc., which acquired CSK in 2008, although he neither denied nor admitted to the agency's allegations.

The proposed settlement...
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