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Hampshire announces filing of its 2006 Form 10K
15 Sep '07
3 min read
The Company's working capital was $93.3 million at December 31, 2006 compared with $92.7 million at December 31, 2005. In addition, total outstanding debt was $61,000 and $107,000 at December 31, 2006 and 2005, respectively.
Timetable for Additional Financial Statement Filings:
As previously disclosed in the Form 8-K filed August 31, 2007, the Company committed to deliver to its lenders its financial statements for the quarter ended March 31, 2007 no later than October 31, 2007, financial statements for the quarter ended June 30, 2007 no later than November 19, 2007, and financial statements for the quarter ended September 29, 2007 no later than December 10, 2007.
The Company anticipates filing with the SEC the appropriate Form 10-Qs concurrently with the delivery of the financial statements to its lenders.
Other Information:
As of September 13, 2007, Hampshire had cash on hand of approximately $907,000, $43.3 million in letters of credit, and $12.1 million of borrowings outstanding under its credit facility.
On the same date of the prior year, the Company had cash on hand of approximately $2.3 million, $38.9 million in letters of credit, and $13.4 million of borrowings outstanding under its credit facility.
Based on its most recent borrowing base calculation as of July 29, 2007, Hampshire has a total availability of $92.0 million excluding outstanding letters of credit.
Michael Culang, interim Chief Executive Officer, stated: “With this 10-K filing, the Company has completed its SEC and bank filing requirements for 2006."
"We continue to work diligently on the issuance of our 2007 financial results and becoming current with our filing requirements. Despite a very challenging retail environment, our financial position continues to remain strong.”
Timetable for Additional Financial Statement Filings:
As previously disclosed in the Form 8-K filed August 31, 2007, the Company committed to deliver to its lenders its financial statements for the quarter ended March 31, 2007 no later than October 31, 2007, financial statements for the quarter ended June 30, 2007 no later than November 19, 2007, and financial statements for the quarter ended September 29, 2007 no later than December 10, 2007.
The Company anticipates filing with the SEC the appropriate Form 10-Qs concurrently with the delivery of the financial statements to its lenders.
Other Information:
As of September 13, 2007, Hampshire had cash on hand of approximately $907,000, $43.3 million in letters of credit, and $12.1 million of borrowings outstanding under its credit facility.
On the same date of the prior year, the Company had cash on hand of approximately $2.3 million, $38.9 million in letters of credit, and $13.4 million of borrowings outstanding under its credit facility.
Based on its most recent borrowing base calculation as of July 29, 2007, Hampshire has a total availability of $92.0 million excluding outstanding letters of credit.
Michael Culang, interim Chief Executive Officer, stated: “With this 10-K filing, the Company has completed its SEC and bank filing requirements for 2006."
"We continue to work diligently on the issuance of our 2007 financial results and becoming current with our filing requirements. Despite a very challenging retail environment, our financial position continues to remain strong.”
Hampshire Group Limited
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