Catalina Marketing Delays ’04 10-K Filing With SEC

Catalina Marketing Corp. said last week that it will delay the filing of its 10-K annual report for the fiscal year ended March 31.

The St. Petersburg, Fla.-based company said it expects to file its 2004 10-K with the Securities and Exchange Commission “as soon as practicable.” Catalina said the delay will not affect its credit facilities, and it is in compliance with all related financial covenants.

On May 17, Catalina completed and filed its 10-K for the year ended March 31, 2003, which included restated results for fiscal years 2002 and 2001. The company blamed the late 2004 filing on the “time and resources” needed to complete the 2003 10-K and the restatement of earlier results.

Catalina, whose offerings include loyalty programs based on supermarket-checkout scanning, adjusted results for fiscal years 2003, 2002 and 2001 following a review by its audit committee. That initiative focused on issues relating to the timing of revenue recognition and certain expense items, the company said.