Zayo Group delays 10K filing for year ended June 30
Zayo Group is filing this Notification of late filing on form 12b-25 with respect to its annual report on Form 10-K for the year ended June 30.The company has determined it is unable to file its Form 10-K within the prescribed time period provided by the applicable rules of the Securities and Exchange Commission without unreasonable effort and expense. The principal reason for the delay is the company has not been able to complete its assessment of the effectiveness of its internal controls over financial reporting as of June 30. The company utilizes a cloud-based professional service automation system provided by a third-party service organization, in its execution of certain key business processes. This system is used to enter, route and create customer billing, track and process business and operational expenses, track and record certain fixed asset transactions and issue customer credits. Zayo Group uses these reports to, among other things, assess the effectiveness of our internal control over financial reporting.