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.
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.