DOOR Ends Four-Year SEC Probe With $1 Million Settlement
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St. Louis – October 01, 2026 -- DOOR (OTC: LTCH) has finalized a settlement with the U.S. Securities and Exchange Commission, closing a four-year investigation into legacy revenue recognition and key performance indicator practices with a $1.0 million civil penalty payable in quarterly installments.
SEC closes investigation that began in 2022
The SEC approved the previously disclosed settlement, which the Company first announced in principle on August 10, 2026. DOOR consented to an administrative order without admitting or denying the regulator's findings.
Company filed seven years of restated financial statements
Since late 2024, DOOR has filed seven years of financial statements, including restated prior periods, becoming current with its SEC reporting obligations in February 2026 for the first time since mid-2022.