Jabil Circuit to Restate

Its options review continues.
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Jabil Circuit

(JBL) - Get Report

will restate certain financial results amid a continuing review of its stock-options grants.

In an 8-K filing with the

Securities and Exchange Commission

, Jabil said its 2005 financial statements "should no longer be relied upon," and that "the company has not conclusively determined which other time periods may need to be restated or the exact amount of the restatements" or the tax implications.

The company's own review of its stock-options practices is still ongoing, Jabil said.

"The issues under review principally reflect changes in the company's understanding of the requirements for identifying appropriate measurement dates for option grants as defined in relevant accounting guidance or errors in interpreting such guidance, and administrative and logistical errors made in effecting the options program," the company said in its filing.

Previously, the company said it received an informal inquiry from the SEC and a subpoena from the U.S. Attorney's office for the Southern District of New York related to its options practices.

In its latest

quarterly report, Jabil reported partial results, citing its ongoing options probe.

The electronics-manufacturing services firm said it would file its delayed annual report for the year ending Aug. 31, 2006, as soon as possible.

Jabil stock rose 4 cents to $30.42 in after-hours trading.