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OCZ Technology (Nasdaq: OCZ) filed to delay its 10-Q late Thursday. The company submitted the following rationale:
As previously reported, OCZ Technology Group, Inc. (the “Company”) delayed the filing of its Form 10-Q for the quarter ended August 31, 2012 as the Company requires additional time for compilation and review to insure adequate disclosure of certain information. The Company’s Audit Committee had also concluded that the Company should restate the results for the first quarter of fiscal 2013, as well as the results for certain quarters of fiscal 2012 and for the fiscal year 2012. The Board and management are in discussions with Crowe Horwath LLP, the Company’s independent auditors regarding the matters identified in the investigation. As such, the Company is unable to file its Form 10-Q for the quarter ended November 30, 2012.
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