Kid Brands to delay filing 10-K

theflyonthewall.com

As a result of several events, including the company’s annual review of its indefinite-lived intangible assets for impairment (which is not yet complete) and the investigation and evaluation of an unexplained and unauthorized deduction by a large customer, which are evolving, have required, and continue to require the attention of key company personnel and administrative resources, including its accounting and financial reporting organization, the company could not, without unreasonable effort and expense, complete the finalization of its financial statements for the year ended December 31, 2012 and related disclosures, or consequently file its Annual Report on Form 10-K for the year ended December 31, 2012 within the prescribed time period. The company intends to file the 2012 10-K within 15 calendar days of its prescribed due date.

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