Business Context and Reporting Period
This Form 8-K is filed by Kohlberg Capital Corporation (noted as BCP Investment Corp in metadata) on May 17, 2010. The report addresses a delay in filing the Quarterly Report on Form 10-Q for the three months ended March 31, 2010.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. The document focuses solely on the status of the financial reporting process rather than disclosing financial performance data.
Material Changes and Reporting Status
- Delayed Filing: The Company will be late in filing its 1Q 2010 10-Q, which was originally due on May 10, 2010.
- Extension Request: A Form 12b-25 was filed on May 11, 2010, requesting a five-day extension. The Company now states it cannot file within this extended period.
- Reason for Delay: The delay is due to the finalization of investment valuations required by the new independent registered public accounting firm, Grant Thornton LLP, who was engaged on January 27, 2010.
- Scope of Audit: Grant Thornton is auditing fiscal years ended December 31, 2008 and 2009, and reviewing interim periods through March 31, 2010.
Outlook and Management Commentary
Management states the Company is working diligently to complete the filing as soon as possible. No specific guidance, risk factors, or unusual items regarding business operations were disclosed in this specific report.
Investor Verification Checklist
- Verify the final filing date of the 1Q 2010 10-Q once submitted.
- Review the upcoming 10-Q for details on the investment valuations that caused the delay.
- Confirm the status of the audit for fiscal years 2008 and 2009.
- Monitor for any further Form 12b-25 filings if additional extensions are required.