The footwear company Skechers will pay $1.25 million to settle civil charges that it made undisclosed payouts to executives and their relatives, a slap on the wrist that serves as a reminder to other public companies to be diligent about disclosing related-party transactions.

According to the U.S. Securities and Exchange Commission, Manhattan Beach, California-based Skechers employed relatives of executives from 2019 to 2022, but failed to report that on securities filings. It also allegedly concealed a consulting relationship with an executive’s housemate.