UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
SEC FILE NUMBER: 001-14229
CUSIP NUMBER: 74838C106
(Check One): |
¨ Form 10-K ¨ Form 20-F ¨ Form 11-K x Form 10-Q ¨ Form N-SAR ¨ Form N-CSR | |
For Period Ended: January 31, 2015 | ||
¨ Transition Report on Form 10-K | ||
¨ Transition Report on Form 20-F | ||
¨ Transition Report on Form 11-K | ||
¨ Transition Report on Form 10-Q | ||
¨ Transition Report on Form N-SAR | ||
For the Transition Period Ended: |
Read Instruction (on back page) Before Preparing Form. Please print or type. Nothing in the form shall be construed to imply that the Commission has verified any information contained herein. |
If the notification relates to a portion of the filing checked above, identify the Item(s) to which the notification relates:
.
PART I
REGISTRANT INFORMATION
QUIKSILVER, INC.
Full Name of Registrant
N/A
Former Name if Applicable
15202 Graham Street
Huntington Beach, California 92649
Address of Principal Executive Office (Street and number)
City, State and Zip Code
PART II
RULE 12b-25(b) AND (c)
If the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following should be completed. (Check box if appropriate.)
¨ | (a) | The reasons described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense;
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(b) | The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, 11-K, Form N-SAR or Form N-CSR, or portion thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report or transition report on Form 10-Q, or portion thereof, will be filed on or before the fifth calendar day following the prescribed due date; and
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(c) | The accountants statement or other exhibit required by Rule 12b-25(c) has been attached if applicable. |
PART III
NARRATIVE
State below in reasonable detail the reasons why Forms 10-K, 20-F, 11-K, 10-Q, N-SAR, N-CSR or the transition report or portion thereof, could not be filed within the prescribed time period.
Quiksilver, Inc. (the Company) has determined that it is unable to file its Quarterly Report on Form 10-Q for the quarter ended January 31, 2015 (the Quarterly Report) within the prescribed time period without unreasonable effort or expense for the reasons described below.
As disclosed in the Companys press release dated March 4, 2015, the Audit Committee of the Companys Board of Directors is conducting an investigation with respect to a revenue cut-off issue. Due to the revenue cut-off issue and the Audit Committees ongoing investigation, the Company has experienced a delay in the completion of its financial statements, Managements Discussion and Analysis of Financial Condition and Results of Operations and other related components of the Quarterly Report. Based on currently available information, the Company believes the completion of the Audit Committees investigation will have no material impact on its previously issued financial statements, its 2015 first quarter financial results, or its current guidance, and the Company expects to file the Quarterly Report within the next ten days.
Certain statements contained in this Form 12b-25 include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements often include words such as believe, expect, project, anticipate, intend, plan, estimate, seek, will, may, would, should, could, forecasts or similar expressions. These statements are not guarantees of results, and our actual results could differ materially from those expressed in the forward-looking statements due to a variety of important factors, both positive and negative, including that additional issues or facts may be identified during the Audit Committees investigation that could cause material impacts on the Companys historical or anticipated financial results or timing of the filing of the Companys Quarterly Report. The Company therefore cautions you against relying on these forward-looking statements. All forward-looking statements attributable to the Company or persons acting on the Companys behalf are expressly qualified in their entirety by the foregoing cautionary statements. All such statements speak only as of the date made, and, except as required by law, the Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.
PART IV
OTHER INFORMATION
(1) | Name and telephone number of person to contact in regard to this notification |
Richard Shields | (714) | 889-2200 | ||||||
(Name) | (Area Code) | (Telephone Number) |
(2) | Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed? If the answer is no, identify report(s). x Yes ¨ No |
(3) | Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof? ¨ Yes x No |
If so: attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made.
Quiksilver, Inc.
(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned thereunto duly authorized.
Date: March 13, 2015 |
By: | /s/ Richard Shields | ||
Name: | Richard Shields | |||
Title: | Chief Financial Officer |