A former McDonald’s executive is in hot water once again.
The Securities and Exchange Commission (SEC) has charged former company CEO Steve Easterbrook for making false and misleading statements to investors about the circumstances leading to his termination in November 2019.
Easterbrook has consented to entry of the SEC’s cease-and-desist order, which imposes a five-year officer and director bar and a $400,000 civil penalty.
Easterbrook was ousted over a consensual relationship with an employee. However, McDonald’s and Easterbrook entered into a separation agreement that concluded his termination was without cause, according to the SEC.
