LivaNova delays filing of Form 10-K

In a regulatory filing, LivaNova said that its Annual Report on Form 10-K for the year ended December 31, 2018 cannot be filed within the prescribed time period without unreasonable effort or expense because the company needs additional time to complete certain reviews and analyses necessary for the assessment of the company’s internal control over financial reporting and to complete its financial reporting process, and for its independent registered public accounting firm to complete its audit. The company expects to report two material weaknesses in the Form 10-K due to certain deficiencies in the design of its internal control over financial reporting. Although the company’s analysis is still ongoing, these deficiencies relate to information technology and end-user access of the financial reporting system and the review of price and quantity in the revenue process. The company expects to file the Form 10-K within the fifteen-calendar day extension provided under Rule 12b-25 under the Securities Exchange Act of 1934, as amended.
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