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TSTC > SEC Filings for TSTC > Form 8-K on 17-Apr-2013All Recent SEC Filings

Show all filings for TELESTONE TECHNOLOGIES CORP | Request a Trial to NEW EDGAR Online Pro



Other Events, Financial Statements and Exhibits

Item 8.01 Other Events.

Telestone Technologies Corporation (the "Company") filed a Form 12b-25 Notification of Late Filing on April 2, 2013 (the "Original 12b-25") confirming that the Company would be delaying the filing of the Company's Form 10-K for the fiscal year ended December 31, 2012 (the "2012 10-K"). On April 16, 2013, the Company filed an amendment to that Form 12b-25 (the "Amended 12b-25") confirming that the Company would not be able to file the 2012 10-K within the 15 day grace period afforded by the Original 12b-25.

In the Amended 12b-25 the Company disclosed, among other things that the Company is experiencing delays in obtaining certain necessary financial records from its Sichuan Ruideng subsidiary (the "Subsidiary Records Issue"). While the Company has completed the audit of the parent company, the records from Sichuan Ruideng are necessary to complete the audit of the Company's consolidated financial results.

The Company continues to work diligently to resolve the Subsidiary Records Issue and complete its 2012 audit and intends to file the 2012 10-K as soon as practicable.

A press release, dated April 16, 2013, disclosing the Subsidiary Records Issue and its impact on the timing of the filing of the 2012 10-K is attached as Exhibit 99.1 and is furnished herewith.

This Current Report on Form 8-K contains forward-looking statements. These statements are based on management's current expectations and involve a number of risks and uncertainties, including risks described in our filings with the Securities and Exchange Commission. The Company's actual results may differ materially from the Company's anticipated or expected results and the results in the forward-looking statements.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit No. Exhibit Description
99.1 Press release issued by Telestone Technologies Corporation dated as of April 16, 2013.

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