PETRY DOES NOT HAVE TO ATTEND ANY SEC MEETING...
No, he doesn't have to attend, but as long as he's CEO, he at least has to be represented by an attorney.
If he is no longer CEO, then whoever replaced him will have to take on the responsibility and bear the expense. As others have pointed out, the company is the respondent, not Petry personally.
There was a case a few years back that to some extent illustrates this point. The company's prior management had sold the shell to someone new. Someone who had an actual business he intended to roll into it, or so he said. Six months or a year later, the SEC moved to revoke registration. The new CEO was taken entirely by surprise, presumably because he hadn't done his homework.
He objected to the procedure on the grounds that he hadn't realized he needed to file, and that he was starting from scratch. The SEC was not sympathetic. They revoked anyway.
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