Imperial Sugar Company Announces Update Regarding Annual Report and Form 10-K
December 15 2011 - 6:00AM
Business Wire
Imperial Sugar Company (NASDAQ: IPSU), announced today that they
have not filed their Annual Report on Form 10-K for the year ended
September 30, 2011, and will not hold their conference call with
investors scheduled for 11:00 a.m. Eastern Thursday, December 15,
2011. The Company has not received audited financial statements
from Louisiana Sugar Refining, LLC, a significant equity method
investee. Additionally, the Company has not finalized the
accounting adjustments required to be recorded for the year ended
September 30, 2011, concerning equity investment carrying values,
asset impairment values and derivative gain recognition. As a
result of these items, additional time is required for the Company
to complete its financial statements and for the Company’s auditors
to complete their audit of the Company’s financial statements for
the year ended September 30, 2011. The Company filed a Form 12b-25
with the Securities and Exchange Commission this morning which
provides more details concerning these matters. The Company expects
to file the Form 10-K by December 29, 2011, and to reschedule their
conference call with investors once the filing has been made.
About Imperial Sugar
Imperial Sugar Company is one of the largest processors and
marketers of refined sugar in the United States to food
manufacturers, retail grocers and foodservice distributors. The
Company markets products nationally under the Imperial®, Dixie
Crystals® and Holly® brands. For more information about Imperial
Sugar, visit www.imperialsugar.com and www.iscnewsroom.com.
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