Home breadcru News breadcru Company breadcru Big 5 Sporting Goods defers Form 10-K filing for Fiscal 2004

Big 5 Sporting Goods defers Form 10-K filing for Fiscal 2004

01 Sep '05
3 min read

The Company has not received any decision from the Panel in response to its request, and there can be no assurance that the Company's request will be granted. In the event that the request is not granted, the Company's shares may be delisted from the Nasdaq National Market. In such event, the Company expects that its shares would trade in the over-the-counter market and the Company would apply for relisting of its shares on the Nasdaq National Market as soon as its SEC filings were current.

The Company also has obtained from the lenders under its financing agreement an extension to September 9, 2005 to deliver its audited financial statements for fiscal 2004 as required by its financing agreement. While the Company expects to be able to deliver such audited financial statements by then, if the Company is not able to do so, it intends to seek another extension, although there is no assurance that one will be granted. The Company is in compliance with all of the covenants contained in its financing agreement.

American retail chain Big 5 is a leading sporting goods retailer in the United States, operating 312 stores in 10 states under the "Big 5 Sporting Goods" name. It provides a full-line product offering in a traditional sporting goods store format that averages approximately 11,000 square feet.

The product mix includes athletic shoes, apparel and accessories, as well as a broad selection of outdoor and athletic equipment for team sports, fitness, camping, hunting, fishing, tennis, golf, snowboarding and in-line skating.

Big 5 Sporting Goods Corporation

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