Notification That Quarterly Report Will Be Submitted Late (nt 10-q)
November 09 2017 - 5:06PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
12b-25
SEC FILE
NUMBER
001-35176
CUSIP NUMBER
37951D 102
NOTIFICATION OF LATE FILING
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(Check One):
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☐ Form
10-K ☐ Form
20-F ☐ Form
11-K ☒ Form
10-Q
☐ Form
10-D ☐ Form
N-SAR ☐ Form
N-CSR
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For Period Ended: September 30, 2017
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☐ Transition Report on Form
10-K
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☐ Transition Report on Form
20-F
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☐ Transition Report on Form
11-K
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☐ Transition Report on Form
10-Q
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☐ Transition Report on Form
N-SAR
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For the Transition Period Ended:
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Nothing in this form shall be construed to imply that the Commission has verified any information contained
herein.
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PART I REGISTRANT
INFORMATION
GLOBAL EAGLE ENTERTAINMENT INC.
Full Name of Registrant
Not Applicable
Former
Name if Applicable
6100 Center Drive, Suite 1020
Address of Principal Executive Office
(
Street and Number
)
Los Angeles, California 90045
City, State and Zip Code
PART II RULES
12b-25(b)
AND (c)
If the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule
12b-25(b),
the following should be completed. (Check box if appropriate.)
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☐
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(a)
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The reasons described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense;
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(b)
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The subject annual report, semi-annual report, transition report on Form
10-K,
Form
20-F,
Form
11-K,
Form
N-SAR
or
Form N-CSR,
or portion thereof, will be filed on or before
the fifteenth calendar day following the prescribed due date; or the subject quarterly report or transition report on Form
10-Q
or subject distribution report on Form
10-D,
or portion thereof, will be filed on or before the fifth calendar day following the prescribed due date; and
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(c)
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The accountants statement or other exhibit required by Rule
12b-25(c)
has been attached if applicable.
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PART III NARRATIVE
State below in
reasonable detail why the Form
10-K,
20-F,
11-K,
10-Q,
10-D,
N-SAR,
N-CSR
or the transition report portion thereof, could not be filed within the prescribed time period. (Attach extra
sheets if needed.)
Global Eagle Entertainment Inc. (we or the Company) is unable to file its Quarterly Report on Form
10-Q
for the quarter ended September 30, 2017 (the Q3 2017 Form
10-Q)
within the prescribed time period. This is because the Q3 2017 Form
10-Q
must include balance-sheet information that will be derived from the audited financial statements to be included in the Companys Annual Report on
Form 10-K
for
the year ended December 31, 2016 (the 2016 Form
10-K)
and also must include unaudited financial statements that the Company cannot finalize until it has finalized its audited financial
statements for the year ended December 31, 2016 and its unaudited financial statements for the quarters ended March 31, 2017 and June 30, 2017. The Company has not yet finalized its audited financial statements for the year ended
December 31, 2016, and has not yet filed the 2016 Form
10-K,
for the reasons previously disclosed on its Form
12b-25
filed on March 16, 2017. The Company has
also not yet finalized its unaudited financial statements for the quarters ended March 31, 2017 and June 30, 2017, and has not yet filed its Quarterly Reports on Form
10-Q
for the quarters ended
March 31, 2017 (the Q1 2017 Form
10-Q)
and June 30, 2017 (the Q2 2017 Form
10-Q),
for the reasons previously disclosed on its Forms
12b-25
filed on May 11, 2017 and on August 14, 2017.
The Company intends to file the 2016 Form
10-K,
Q1 2017 Form
10-Q,
Q2 2017 Form
10-Q
and Q3 2017 Form
10-Q
as promptly as practicable.
However, the Company must, among other things, implement additional internal controls and procedures relating to its material weaknesses in internal control over financial reporting before it can finalize and file these reports. This process
requires substantial time and resources.
PART IV OTHER INFORMATION
(1)
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Name and telephone number of person to contact in regard to this notification
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Paul Rainey
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(310)
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437-6000
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(Name)
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(Area Code)
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(Telephone Number)
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(2)
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Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such shorter
period that the registrant was required to file such report(s) been filed? If the answer is no, identify report(s). ☐ Yes ☒ No
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The Company has not yet filed its 2016 Form
10-K,
Q1 2017 Form
10-Q
and Q2
2017 Form
10-Q.
(3)
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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
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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.
The Company expects that the Q3 2017 Form
10-Q
will reflect significant changes in its results of operations relative
to the quarter ended September 30, 2016 due to the Companys acquisition of Emerging Markets Communications in late July 2016. The Companys results of operations for the quarter ended September 30, 2016 did not include a full
quarter of the acquired businesss results given the
mid-period
acquisition, whereas the Companys results of operations for the quarter ended September 30, 2017 will include a full quarter of
the acquired businesss results. For the reasons described in Part III above, the Company cannot make a reasonable estimate of its results of operations for the third quarter of 2017, including its net income (loss) for this period.
Certain statements in this Form
12b-25
may constitute forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995, including regarding our timing to file the 2016 Form
10-K,
Q1 2017 Form
10-Q,
Q2 2017 Form
10-Q
and Q3 2017 Form
10-Q
and our expectations regarding the results of operations to be included therein. These forward-looking statements are based upon information
presently available to the Company and assumptions that it believes to be reasonable. The Company cautions investors that all such statements involve risks and uncertainties, including the risks that the Company may need additional resources and
time to complete and file the foregoing reports, as well as the other risks included in the Companys filings with the United States Securities and Exchange Commission. Actual timing and results may vary materially from those expressed or
implied by the forward-looking statements. The Company assumes no obligation to update forward-looking statements, except as required by law.
Global Eagle Entertainment Inc.
(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned thereunto duly authorized.
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Date: November 9, 2017
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By:
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/s/ Paul Rainey
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Paul Rainey
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Chief Financial Officer
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