CoreLogic Announces Resignation of CFO Anthony 'Buddy' Piszel After Wells Notice

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CoreLogic Announces Resignation of CFO Anthony ‘Buddy’ Piszel After Wells Notice

CoreLogic Announces Resignation of CFO Anthony ‘Buddy’ Piszel After Wells Notice

CoreLogic  announced today that Anthony “Buddy” Piszel, chief financial officer (CFO), has resigned as CFO effective immediately.  Piszel, who joined CoreLogic in January 2009, will stay on in a non-executive capacity through June 1, 2011 to assist in a smooth transition of his responsibilities.

Piszel has informed the company that he received a Wells notice from the U.S. Securities and Exchange Commission (SEC) staff in connection with certain disclosure matters during Piszel’s tenure at his previous employer, Freddie Mac.  Piszel served as chief financial officer of Freddie Mac from November 2006 to September 2008.

The Wells notice indicates that the SEC staff is considering recommending a civil enforcement action against Piszel.  Under the SEC’s procedures, recipients of a Wells notice have the opportunity to respond in the form of a “Wells submission” in which they seek to persuade the SEC that no action should be commenced.  Piszel has informed CoreLogic that he intends to make such a submission.

SOURCE: CoreLogic

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