Hansen Files Delayed Financials

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Shares in beverage maker Hansen Natural Corp. slipped nearly 3 percent Friday despite the company reporting that it had filed its final delinquent earnings report to put itself back in compliance with Nasdaq Stock Market listing rules.


The market had threatened the company with delisting after it delayed some results while it completed an internal probe of its stock option granting practices.


Earlier this week the Corona-based company filed its last delinquent earnings report, from the first quarter of 2007, putting them in full-compliance.


Hansen announced in March that it had found several “unintentional accounting errors” that caused non-cash compensation and employment tax expenses to be understated by about $1.3 million between Jan. 2001 and June 2006. However the company said that it found no “willful or intentional misconduct” by any company executives.


The company said it is now current with all of its filings with the Securities and Exchange Commission and will continue to be listed on the Nasdaq.


Shares in Hansen slipped $1.31, or 2.8 percent, to $4.91 in afternoon trading. Shares in Hansen have gained 27 percent since the company announced on March 26 that it found no wrong doing in its stock options probe.

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