Sanmina-SCI Delays 10-K Filing

The company's stock option probe continues.
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Sanmina-SCI

(SANM) - Get Report

said Friday that it would fail to file its annual report on time because of its stock options investigation.

Shares of the electronics manufacturing services firm dipped 4 cents to $3.52 in recent trading.

Though it is missing the deadline, Sanmina said it will file its 10-K with the

Securities and Exchange Commission

as soon as possible within the 15-day extension period.

Sanmina said it is in the process of completing the annual report with the help of an independent accounting firm.

In October, an unnamed executive at Sanmina resigned after the investigation found that most stock options granted over a nine-year period had been

manipulated. Another former executive was also deemed responsible for the accounting errors.

The company filed its quarterly report for the period ended July 1 on Dec. 13, and noted that "the financial statements, and related footnotes and disclosures contained therein have been adjusted to reflect the results of the investigation."