Big 5 Misses Another Filing Deadline

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Big 5 Sporting Goods Corp. has once again missed a deadline to file its 2004 fiscal year financial statement, and risks being delisted by the Nasdaq.


The El Segundo-based sports retailer missed an Aug. 31 deadline, which had already been extended by a Nasdaq panel from Aug. 12. The company is now asking Nasdaq to briefly extend the deadline again to allow its accounting firm, KPMG LLP, to wrap up the financial statement, which needs to be filed with the Securities and Exchange Commission.


The Nasdaq panel has not responded to Big 5’s request. If the panel doesn’t grant another extension, Big 5 could be delisted from Nasdaq, and the company’s shares would trade in the over-the-counter market pending an application by Big 5 to be relisted.


Big 5 also has been late filing its first- and second-quarter financial statements. The Nasdaq panel extended the company’s deadline on those statements to Sept. 30.


Shares of Big 5 fell 7.1 percent to $24.22 on Thursday.

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