For The latest Article Use Blog Archive

For The Latest Or Specific Article Please Use The Blog Archive Index

13 November 2012

ENGlobal Corporation files another NT 10-Q


Rev. 2.0

Earnings Delayed again.

http://sec.gov/Archives/edgar/data/933738/000117184312004137/nt10q_111312.htm

PART III - NARRATIVE

State below in reasonable detail the reasons why Forms 10-K, 20-F, 11-K, 10-Q, N-SAR or the transition report or portion thereof could not be filed within the prescribed time period.

The Registrant is unable to file the subject report in a timely manner because the Registrant was not able to complete timely its financial statements without unreasonable effort or expense.  The Registrant’s management deemed additional time is necessary to ensure full, complete and accurate disclosure and to complete the financial statements required for inclusion within the Quarterly Report on Form 10-Q for the period ended September 29, 2012. We believe that the subject quarterly report will be available for filing on or before November 19, 2012.

Oh, by the way did you notice this?

(3) Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof? ☒ Yes ☐ No

If so, attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made.

Explanation:  The Registrant’s results of operations for the quarter ended September 29, 2012 will differ materially from the same period in 2011.  The Registrant is in the process of finalizing an interim goodwill impairment review and anticipates an impairment of approximately $16.9 million.

No comments: