Sapient Corp. (SAPE) Files to Delay 10-Q Submission

May 13, 2013 4:20 PM EDT
Sapient Corporation (Nasdaq: SAPE) is filing this Form 12b-25 with the Securities and Exchange Commission because additional time is needed for the Corporation to complete its Quarterly Report on Form 10-Q for the quarter ended March 31, 2013 (the “Form 10-Q”), which was due on May 10, 2013. As reported in its Current Report on Form 8-K, as filed with the Securities and Exchange Commission on May 9, 2013 (the “Form 8-K”), the Corporation issued a press release announcing that it will delay the full release of its first quarter financial results and related conference call from Thursday, May 9, 2013, as originally scheduled. The Corporation also noted in its Form 8-K that the earnings release and call were being rescheduled because the Corporation required additional time to complete a self-initiated review and analysis of tax liabilities resulting from cross-border mobility of employees into various countries in prior periods extending back to 2006. The Corporation is working diligently to resolve the tax review and analysis, including quantifying and assessing the significance of the impact on prior period results and evaluating the control implications relating thereto, and expects to file the Form 10-Q on May 15, 2013 (within the extension period of five calendar days provided under Rule 12b-25 of the Securities Exchange Act of 1934, as amended).


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Corporate News, Earnings, SEC Filings

Related Entities

Earnings