ST. PETERSBURG, FL -- Jabil Circuit Inc. will restate its 2005 financial reports as a result of a review of its historical stock options practices. The company said it intends to file any restated financial statements and its annual report for the year ended Aug. 31, 2006, "as soon as practicable."

The contract manufacturer is being investigated by the SEC over its past stock option grants.

Jabil did not disclose the amounts to be restated, saying they have yet to be determined. It did not say whether other periods will require restatement.

Information on the company's practices of issuing stock option grants has also been subpoenaed by the U.S. Attorney's in New York.

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