ADMINISTRATIVE PROCEEDING
File No. 3-21649

September 11, 2023 The Securities and Exchange Commission today announced settled charges against Maximus, Inc., a Virginia corporation, for failing to make required disclosures that it employed the siblings of one of its executive officers.

According to the SEC's order, Maximus appointed a business segment leader and longtime employee as an executive officer in 2019. The officer's two siblings were also employees of Maximus who received annual compensation in excess of the threshold specified by SEC regulations regarding the disclosure of transactions with related persons. Maximus was therefore required to disclose the employment of the officer's siblings in its annual filings. However, Maximus filed annual reports and proxy statements for fiscal years 2019 through 2021 that did not include these required disclosures.

The SEC's order finds that Maximus violated Sections 13(a) and 14(a) of the Securities Exchange Act of 1934 and Rules 13a-1 and 14a-3 thereunder. Without admitting or denying the SEC's findings, Maximus has agreed to pay a civil money penalty of $500,000.

The SEC's investigation was conducted by Nishchay Maskay and supervised by Sarah Hall and Mark Cave.