Sporting goods retailer Big 5 requests NASDAQ for extension
16 Aug '05
5 min read
Leading sporting goods retailer Big 5 Sporting Goods Corporation announced it has submitted a request to the Nasdaq Listing Qualifications Panel for an additional extension of the deadline for the Company to file its Annual Report on Form 10-K for fiscal 2004 and its Quarterly Report on Form 10-Q for the first quarter of fiscal 2005.
The Panel had previously agreed to continue the listing of the Company's securities on the Nasdaq National Market provided that the Company filed its Annual Report on Form 10-K for fiscal 2004 and its Quarterly Report on Form 10-Q for the first quarter of fiscal 2005 on or before August 12, 2005.
The Company notified the Panel that it would be unable to meet the August 12 deadline and requested a further extension.
There can be no assurance that an extension will be granted. If an extension is not granted, the Company's common stock could 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.
Work on the review and associated audit of the Company's Annual Report on Form 10-K for fiscal 2004 has been substantially completed. The Company expects that the review and audit will be completed and the Form 10-K will be filed shortly.
The Company also expects that the review of the Quarterly Report on Form 10-Q for the first quarter of fiscal 2005 will be completed and that it will be able to file that Form 10-Q shortly after the Annual Report on Form 10-K is filed.
marketing@alchempro.com
