Big 5 Sporting Goods defers Form 10-K filing for Fiscal 2004
01 Sep '05
3 min read
California based leading branded sporting goods and accessories retailer Big 5 Sporting Goods Corporation announced that KPMG LLP, the Company's independent registered public accounting firm, has informed the Company that KPMG has not yet completed its final review and audit of the Company's Annual Report on Form 10-K for fiscal 2004 (the "fiscal 2004 Form 10-K").
As a result, the Company will not be able to file the fiscal 2004 Form 10-K with the Securities and Exchange Commission by the August 31, 2005 extended deadline provided by the Nasdaq Listing Qualifications Panel (the "Panel"). KPMG is completing its final review and audit of the Form 10-K. Based on discussions with KPMG, the Company had expected that this review and audit would be completed in order to permit the filing of the Form 10-K by August 31, 2005. The Company has now been advised by KPMG that it still needs an additional few days for all work associated with the audit to be completed.
The Company's previous announcements regarding the expected impact of all known restatement items remain unchanged.
The Company previously announced that the Panel had granted the Company an additional extension to August 31, 2005 to file the fiscal 2004 Form 10-K.
The Company also announced that as part of its decision, the Panel advised the Company that no further requests for an extension to file the fiscal 2004 Form 10-K would be considered. Today, the Company and KPMG advised the Nasdaq Listing Qualifications Hearings Department of the status of the Company's fiscal 2004 Form 10-K and the Company requested that the Panel grant an additional brief extension of time to allow KPMG to conclude its work and to enable the Company to file its Form 10-K.
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