AKRON, OHIO -- Goodyear Tire & Rubber Co. will not face fines or penalties as a result of its October 2003 restatement of financial results.

The Securities and Exchange Commission has terminated its investigation into Goodyear accounting matters included in the company's restatement of financial results.

The SEC also told Goodyear that it would not recommend enforcement action against the company or against Goodyear’s former chief financial officer and chief accounting officer.

Goodyear first disclosed the SEC investigation in November 2003, and it received a so-called ‘Wells Notice’ in August 2005.

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