- Current report filing (8-K)
May 25 2012 - 10:16AM
Edgar (US Regulatory)
SECURITIES AND EXCHANGE
COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest
event reported):
May 25, 2012
NOBILITY
HOMES, INC.
(Exact name of registrant as specified in its charter)
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Florida
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000-06506
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59-1166102
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(State or other jurisdiction
of incorporation)
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(Commission
File No.)
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(IRS Employer
Identification No.)
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3741 S W 7th Street
Ocala, Florida
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34474
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(Address of principal executive offices)
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(Zip Code)
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Registrants telephone number including area code: (352) 732-5157
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230 .425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Nobility,
Inc. (the Company) has completed its review of its accounting treatment regarding valuation of its inventory of pre-owned manufactured homes for prior reporting periods with the staff of the Securities and Exchange Commission
(SEC) which it previously disclosed in March 2012.
Based upon guidance from the staff of the
SEC, the Company is continuing discussions with Crowe Horwath, the Companys current independent registered accounting firm (Crowe), and McGladrey, the Companys prior independent registered accounting firm
(McGladrey) regarding the accounting for various components of the Companys Finance Revenue Sharing Agreement with 21
st
Mortgage Corporation and the related repurchased homes.
As previously disclosed, the Company expects a net income statement charge of approximately $3.5 million. The Company is attempting to
determine the appropriate periods to recognize all or portions of such a charge. The Company anticipates that previously issued financial statements may be restated but at this point is unable to determine which financial statements should no longer
be relied on.
The Company anticipates that it will be unable to timely file its Form 10-Q for the quarter ended May 5,
2012.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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NOBILITY HOMES, INC.
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May 25, 2012
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By:
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/s/ Lynn J. Cramer
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Lynn J. Cramer, Jr., Treasurer
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and Principal Accounting Officer
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