Diebold Reaches Agreement in Principle With SEC Staff

Mon. May 04, 2009; Posted: 04:15 PM

NORTH CANTON, Ohio, May 4, 2009 /PRNewswire-FirstCall via COMTEX/ -- DBD | Quote | Chart | News | PowerRating -- Diebold, Incorporated (NYSE: DBD | Quote | Chart | News | PowerRating) has reached an agreement in principle with the staff of the Securities and Exchange Commission (SEC) to settle civil charges stemming from the staff's investigation. Diebold has also been informed by the United States Attorney's Office for the Northern District of Ohio that it will not bring criminal charges against the company in connection with the transactions and accounting issues that are the subject of the SEC investigation.

(Logo: http://www.newscom.com/cgi-bin/prnh/20080725/DIEBOLDLOGO )

Under the terms of the agreement in principle with the staff of the SEC, Diebold will neither admit nor deny civil securities fraud charges, will pay a penalty of $25 million and agree to an injunction against committing or causing any violations or future violations of certain specified provisions of the federal securities laws. In connection with reaching the agreement in principle, the company recorded a charge of $25 million in the first quarter of 2009.

The agreement in principle with the staff of the SEC remains subject to the final approval of the SEC, and there can be no assurance that the SEC will accept the terms of the settlement negotiated with the staff.

About Diebold

Diebold, Incorporated is a global leader in providing integrated self-service delivery and security systems and services. Diebold employs more than 17,000 associates with representation in nearly 90 countries worldwide and is headquartered in Canton, Ohio, USA. Diebold is publicly traded on the New York Stock Exchange under the symbol 'DBD.' For more information, visit the company's Web site at www.diebold.com.

SOURCE Diebold, Incorporated

http://www.diebold.com

For full details on Diebold Inc (DBD) click here. Diebold Inc (DBD) has Short Term PowerRatings of 8. Details on Diebold Inc (DBD) Short Term PowerRatings is available at This Link.

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