WASHINGTON (CNN) - Small home appliance manufacturer Hamilton Beach/Proctor-Silex will pay $1.2 million for failing to report defects in three products, according to the Consumer Product Safety Commission.

It is the fourth-largest fine ever issued by the agency.

The defective products are countertop toasters, juice extractors and slow cookers, which have already been recalled by the company.

According to government regulations, a timely manner is within 24 hours of discovering a known defect.

"This is the second major penalty that we have levied against a company just in the past two weeks," CPSC spokeswoman Patty Davis said. "The message here is that companies need to do what they're required to do under federal law. And that is tell us when they have defects or hazards or injuries associated with a product."

Hamilton Beach recalled 95,000 toasters in April 2000 after approximately 230 consumers complained the toaster failed to turn off after the food "popped up."

In November 2001 CPSC announced the recall of approximately 2.4 million juice extractors. There were 59 reports of the item's basket breaking apart and consumers being struck by flying metal or plastic. Four consumers received cuts that required stitches and five reported injury to the eyes.

Approximately 2.7 million Hamilton Beach slow cookers were recalled in July 2003 after reports the handles could break off, posing a risk of burns. The recall included 18 different models and more than 200 complaints of broken handles.

The CPSC issued the agency's largest civil penalty against Graco, a division of Newell Rubbermaid, just last week. The $4 million penalty was assessed for failing to report product defects in baby furniture over a 10-year period.

For other companies in legal trouble, click here.

-- From CNN Newsource Consumer Correspondent Julie Vallese