Chuck E. Cheese parent delays annual report
CEC Entertainment Inc., the operator of Chuck E. Cheese restaurants, said it would fail to file its annual report by the March 1 due date as the company works to properly account for past stock option grants.
Instead, Irving, Texas-based CEC Entertainment will report its results for the fourth quarter and year ended Dec. 31 after the market closes March 6.
The company, which will restate a number of past financial documents, said in November that it would record expenses of as much as $30 million to properly account for past stock option grants dating back to 1989.
The company, which operates 529 Chuck E. Cheese restaurants, previously disclosed its internal investigation July 25.
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