RCI May Delay Filing Annual Report Due to Hurricane Harvey
Houston—December 11, 2017—RCI Hospitality Holdings, Inc. (Nasdaq: RICK) said it may require additional time to complete the audit for the year ended September 30, 2017.
The potential delay is due to issues RCI encountered as a result of Hurricane Harvey combined with the implementation of a new accounting system. As a result, the company may request a filing extension for its annual report.
"We hope we will be able to report on December 14 as scheduled," said Eric Langan, President and CEO. "Everyone is working diligently to make up for the two weeks we lost in September due to the hurricane and then the transition to the new accounting system in October. But we wanted investors to know that we may need more time to file our Form 10-K."
This press release may contain forward-looking statements that involve a number of risks and uncertainties that could cause the company's actual results to differ materially from those indicated in this press release, including the risks and uncertainties associated with operating and managing an adult business, the business climates in cities where it operates, the success or lack thereof in launching and building the company's businesses, risks and uncertainties related to cybersecurity, conditions relevant to real estate transactions, and numerous other factors such as laws governing the operation of adult entertainment businesses, competition and dependence on key personnel. The company has no obligation to update or revise the forward-looking statements to reflect the occurrence of future events or circumstances.
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