SAN JOSE, Calif.--(BUSINESS WIRE)--
A10 Networks (NYSE: ATEN) today announced that it will delay the filing
with the Securities and Exchange Commission of its Annual Report on Form
10-K for the year ended December 31, 2017, beyond the filing’s due date.
As previously disclosed, the company’s Audit Committee, with the
assistance of outside counsel, is conducting an investigation regarding
certain revenue recognition and internal control matters. The
investigation is focused on the time period of the fourth quarter of
2015 through the fourth quarter of 2017 inclusive. The Audit Committee
has not reached any conclusions because the investigation is ongoing.
Consequently, the company is not in a position to file the Form 10-K
until after the completion of the Audit Committee’s investigation. While
the company continues to work expeditiously to conclude this review and
to file the Form 10-K as soon as practical, it does not anticipate
filing its Form 10-K within the 15-day extension period provided under
Rule 12b-25(b).
Safe Harbor Statement
This press release contains forward-looking statements within the
meaning of the federal securities laws. You can identify these
statements by our use of such words as "will," "expects," "plans,"
"intends," "believes," and similar expressions that do not relate to
historical matters. Forward-looking statements in this press release
include, but are not limited to, statements, inferences, beliefs or
expectations regarding: the pending Audit Committee investigation,
including its timing and results; consequences and effects of the
investigation, including on previously announced company financial
results and any adjustments thereto; timing of completion of the
investigation or the announcement of the company's 2017 fourth quarter
and full year financial results; and the company's plans, objectives and
intentions that are not historical facts generally.
The above forward-looking statements reflect the current intent, beliefs
and expectations of the company's management. They involve known and
unknown risks, uncertainties and other factors that may cause future
events, including the company's performance and results to differ
materially from those expressed or implied by the forward-looking
statements. Factors that may cause actual future events to differ from
those in the forward-looking statements include the outcome of the
pending investigation and the possibility of adjustments, including
material adjustments, to the company's financial statements as the
investigation progresses. See also the factors described under the
heading "Item 1A -- Risk Factors" in the company’s Annual Report on Form
10-K for the year ended December 31, 2016, and in the company’s
Quarterly Report on Form 10-Q for the quarter ended September 30, 2017,
or as otherwise described in the company’s other public filings. The
company's results may also be affected by factors of which the company
is not currently aware. The company may not update these forward-looking
statements, even though its situation may change in the future, unless
it has obligations under the federal securities laws to update and
disclose material developments related to previously disclosed
information.
About A10 Networks
A10 Networks (NYSE: ATEN) is a Reliable Security AlwaysTM
company, providing a range of high-performance application networking
solutions that help organizations ensure that their data center
applications and networks remain highly available, accelerated and
secure. Founded in 2004, A10 Networks is based in San Jose, Calif., and
serves customers globally with offices worldwide. For more information,
visit: www.a10networks.com
and @A10Networks.
The A10 logo, A10 Networks, A10 Thunder, Reliable Security Always and
Secure Application Services are trademarks or registered trademarks of
A10 Networks, Inc. in the United States and other countries. All other
trademarks are the property of their respective owners.
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Investor Contact:
The Blueshirt Group
Maria Riley &
Chelsea Lish, 415-217-7722
investors@a10networks.com
or
Media
and Analyst Contact
A10 Networks
Ben Stricker
bstricker@a10networks.com
Source: A10 Networks