LAKE SUCCESS, N.Y.,
June 15, 2017 /PRNewswire/ -- The
Hain Celestial Group, Inc. (Nasdaq: HAIN), a leading organic and
natural products company with operations in North America, Europe and India providing consumers with A Healthier Way
of Life™, today announced it has received a waiver and extension of
certain obligations under its unsecured credit facility from its
lenders until June 22, 2017. This
relates to the delivery of certain financial information under the
credit facility, including the Company's audited financial
statements for its fiscal year 2016 and financial statements for
the first, second and third quarters of fiscal year 2017. The
extension will enable the Company to be compliant with its credit
facility reporting obligations while it works to complete the
filing of its Annual Report on Form 10-K for its fiscal year ended
June 30, 2016, its Quarterly Report
on Form 10-Q for the quarter ended September
30, 2016, its Quarterly Report on Form 10-Q for the quarter
ended December 31, 2016 and its
Quarterly Report on Form 10-Q for the quarter ended March 31, 2017 (collectively, the "Outstanding
Reports"). This waiver and extension of the credit facility
supports the extension granted by the Nasdaq Hearings Panel to the
Company to file its periodic reports with the Securities and
Exchange Commission and regain Nasdaq listing compliance by
June 30, 2017. Pursuant to the
Company's press release issued on June 14,
2017, the Company will conduct a conference call to discuss
its financial results on Thursday, June 22,
2017 at 8 AM Eastern
Time. It also expects to file its Annual Report
on Form 10-K for the year ended June 30,
2016, as well as its Quarterly Reports on Form 10-Q for the
first three quarters of fiscal 2017 on that day.
The Hain Celestial Group, Inc.
The Hain Celestial Group (Nasdaq: HAIN), headquartered in
Lake Success, NY, is a leading
organic and natural products company with operations in
North America, Europe and India. Hain Celestial
participates in many natural categories with well-known brands that
include Celestial Seasonings®, Earth's Best®, Ella's Kitchen®,
Terra®, Garden of Eatin'®, Sensible Portions®, Health Valley®,
Arrowhead Mills®, MaraNatha®, SunSpire®, DeBoles®, Casbah®, Rudi's
Organic Bakery®, Hain Pure Foods®, Spectrum®, Spectrum Essentials®,
Imagine®, Almond Dream®, Rice Dream®, Soy Dream®, WestSoy®, The
Greek Gods®, BluePrint®, FreeBird®, Plainville Farms®, Empire®,
Kosher Valley®, Yves Veggie Cuisine®, Europe's Best®, Cully & Sully®, New Covent
Garden Soup Co.®, Johnson's Juice Co.®, Farmhouse Fare®,
Hartley's®, Sun-Pat®, Gale's®, Robertson's®, Frank Cooper's®, Linda McCartney®, Lima®,
Danival®, Happy®, Joya®, Natumi®, GG UniqueFiber®, Tilda®, JASON®,
Avalon Organics®, Alba Botanica®, Live Clean® and Queen
Helene®. Hain Celestial has been providing A Healthier Way of
Life™ since 1993. For more information, visit
www.hain.com.
Safe Harbor Statement
Certain statements contained in this press release constitute
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements are predictions based on expectations and projections
about future events, and are not statements of historical fact. You
can identify forward-looking statements by the use of
forward-looking terminology such as "plan", "continue", "expect",
"anticipate", "intend", "predict", "project", "estimate", "likely",
"believe", "might", "seek", "may", "remain", "potential", "can",
"should", "could", "future" and similar expressions, or the
negative of those expressions. These forward-looking statements
include the Company's beliefs or expectations relating to (i) the
filing of the Form 10-K, the First Quarter Form 10-Q, the Second
Quarter Form 10-Q and the Third Quarter Form 10-Q and (ii)
regaining Nasdaq listing compliance. Such forward-looking
statements involve known and unknown risks, uncertainties, and
other factors which may cause the actual results to be materially
different from any future results expressed or implied by such
forward-looking statements. Such factors include a material delay
in the Company's financial reporting, including the possibility
that the Company will not be able to file its Form 10-K, First
Quarter Form 10-Q, Second Quarter Form 10-Q and Third Quarter Form
10-Q by June 15, 2017 or regain
Nasdaq listing compliance, the possibility that one or more
material weaknesses in the Company's internal control over
financial reporting may be identified, the possibility that errors
may be identified, which may be material, whether investors should
no longer rely upon previously issued financial statements, and the
risk that the Company may need to restate its financial statements.
As a result of the foregoing and other factors, no assurance can be
given as to the future results, levels of activity and achievements
of the Company, and neither the Company nor any person assumes
responsibility for the accuracy and completeness of these
statements.
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SOURCE The Hain Celestial Group, Inc.