ST. PETERSBURG, FL -- Jabil Circuit today said it was not able to file its annual report on Form 10-K for its 2006 fiscal year by the Nov. 29 Securities and Exchange Commission deadline. Jabil cited ongoing shareholder and class action lawsuits related to previous stock options grants, which has led the company to restate its financials for at least 2005 and perhaps other periods as well.


Jabil's fiscal year ended Aug. 31. The statement is due within 90 days of the close of the the fiscal year.

Jabil said the 10-K filing date would not be known until the evaluation of its historical financial statements has been completed and independently audited.

Jabil has come under fire for possible "backdating" of stock options grants, a practice that might affect the company's financial statements back to 1996. However, Jabil has thus far only determined that adjustments are sufficiently material so as to require it to restate its 2005 statements. 

The New York Stock Exchange on Dec. 1 notified Jabil that it has six months from the filing due date to comply, else the NYSE could take various actions including suspending or delisting the stock.

Jabil said in a press release it does not anticipate having any additional comment until it makes its next filing with the SEC.

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