Seacor delaying release of Q4 and 2016 results
Seacor will delay the release of results for its Q4 and 2016. The company has not yet completed its assessment of the effectiveness of its internal controls over financial reporting as of December 31, 2016 due to certain control deficiencies identified related to impairment determinations and the approval of manual journal entries. The company has not concluded its assessment of the effectiveness of its internal control over financial reporting. The company does not, however, believe that this evaluation will impact its previously reported consolidated financial statements. It is possible that the company will not be in a position to file its Form 10-K and its related XBRL documents within the 15-day extension period provided by Rule 12b-25. The company intends to file its Form 10-K and related XBRL documents as promptly as reasonably practicable.