The seal of the U.S. Securities and Exchange Commission (SEC) is seen at their headquarters in Washington, D.C., U.S., May 12, 2021. REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsWASHINGTON, Sept 26 (Reuters) - The U.S. Securities and Exchange Commission said on Tuesday it settled fraud charges against Hyzon Motors (HYZN.O) of misleading investors. In the second quarter of 2023, Hyzon accrued a $22 million loss contingency, based upon its management's assessment of the SEC investigation. Knight and Mark Gordon, Hyzon's former chief financial officer, each reimbursed Hyzon $252,000 and $122,500, respectively, for bonuses they received during the twelve-month period after Hyzon misstated its financial statements, the SEC said. Reporting by Kanishka Singh in Washington; Editing by Leslie Adler and Sonali PaulOur Standards: The Thomson Reuters Trust Principles.

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Persons: Andrew Kelly, Craig Knight, Max Holthausen, Hyzon, Knight, Mark Gordon, Hyzon's, Kanishka Singh, Leslie Adler, Sonali Paul Organizations: U.S . Securities, Exchange Commission, Washington , D.C, REUTERS, Rights, Exchange, Hyzon Motors, SEC, Hyzon's, Thomson Locations: Washington ,, Washington