KMG Announces Settlement with U.S. Securities and Exchange Commission

HOUSTON--(BUSINESS WIRE)--KMG Chemicals, Inc. (NYSE: KMG), a global provider of specialty chemicals to select markets, today announced that it had entered into a settlement with the U.S. Securities and Exchange Commission concerning late filings of beneficial ownership changes by certain of the Company’s officers and directors. KMG’s settlement was part of an enforcement action undertaken by the SEC against numerous officers, directors, and public companies. KMG agreed to pay a civil penalty of $150,000, which the Company has already accrued for, and has taken appropriate steps to ensure ongoing compliance with filing deadlines.