SEC Charges Independent Director and Ex-CEO of Church & Dwight With Concealing Close Friendship with Company Executive

The Securities and Exchange Commission today announced settled charges against James R. Craigie, a former CEO, Chairman, and board member of Church & Dwight Co. Inc., for violating proxy disclosure rules by standing for election as an independent director without informing the board of his close personal friendship with a high-ranking Church & Dwight executive thereby causing Church & Dwight’s proxy statements to contain materially misleading statements. Without admitting or denying the SEC’s allegations, Craigie agreed to resolve the SEC’s charges. If the settlement is approved, Craigie will be subject to a five-year officer-and-director bar. The SEC’s complaint, filed in U.S.