BRIEF-Performance Sports announces delay in filing annual report

Mon Aug 15, 2016 7:25am EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

Aug 15 (Reuters) - Performance Sports Group

* Announces delay in annual report on form 10-K

* Initiated discussions with lenders to address this issue

* Audit committee has retained independent counsel, Richards Kibbe & Orbe LLP

* Failure to file annual report on form 10-K on time is expected to result in a default under company's credit facilities

* Delay due to audit committee's decision to conduct investigation in connection with finalization of company's financial statements Source text for Eikon: Further company coverage: