Fabrinet Announces Delay in Form 10-K Filing
BANGKOK, Thailand--(BUSINESS WIRE)--
Fabrinet (NYSE:FN), a leading provider of advanced optical packaging and
precision optical, electro-mechanical and electronic manufacturing
services to original equipment manufacturers of complex products, today
announced that the filing of its Annual Report on Form 10-K for the year
ended June 27, 2014 will be delayed beyond the required filing date of
September 10, 2014.
As previously disclosed, the Audit Committee of the Board of Directors
of the Company is currently conducting an internal investigation to
determine whether there were any violations of the Company's accounting
policies. Specifically, the Audit Committee is investigating various
cut-off issues, including procedures surrounding revenue cut-off. The
Audit Committee has not reached any conclusion because the investigation
is ongoing. Consequently, the Company is not in a position to file its
Annual Report on Form 10-K until after the completion of the Audit
Committee's investigation. The Company is also currently evaluating
whether there may be any deficiencies with the Company's disclosure
controls and procedures and internal control over financial reporting.
About Fabrinet
Fabrinet is a leading provider of advanced optical packaging and
precision optical, electro-mechanical, and electronic manufacturing
services to original equipment manufacturers of complex products, such
as optical communication components, modules and subsystems, industrial
lasers and sensors. Fabrinet offers a broad range of advanced optical
and electro-mechanical capabilities across the entire manufacturing
process, including process design and engineering, supply chain
management, manufacturing, advanced packaging, integration, final
assembly and test. Fabrinet focuses on production of high complexity
products in any mix and any volume. Fabrinet maintains engineering and
manufacturing resources and facilities in Thailand, the People's
Republic of China and the United States. For more information visit: www.fabrinet.com.
Investor:
Fabrinet
Jennifer Predmore, 215-428-1797
ir@fabrinet.com
Source: Fabrinet
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