The global packaging pre-press specialist announced on 20 May that it had received notification from the SEC that it was being investigated for alleged violations of certain federal securities laws.

These related to the maintenance of accurate books and records and an adequate system of internal accounting controls, while the investigation was sparked by Shawk's 2008 restatement of its financial reports for 2005, 2006 and Q1-Q3 2007.

The SEC has now informed Schawk that it does not intend to take any enforcement action against the company.

David Schawk, president and chief executive of Schawk, said: "We were pleased to learn that the staff of the SEC does not intend to recommend any enforcement action against Schawk.

"We fully cooperated with the SEC during the course of the investigation and are gratified that this matter has been concluded."