Citrix Systems, Inc. (Nasdaq:CTXS), the global leader in application delivery infrastructure, today reported that it will delay the filing of its Annual Report on Form 10-K for the year ended December 31, 2006 and has filed a Form 12b-25 (Notification of Late Filing) with the Securities and Exchange Commission that extends the due date for its Form 10-K to March 16, 2007. The delay is necessary due to the ongoing status of the previously announced voluntary review of Citrix’s historical stock option granting practices and related accounting.
Although the Audit Committee has reached no conclusions concerning the review, the investigation has thus far identified errors in connection with stock option grants issued by Citrix during the period from 1996 through 1998. The Audit Committee is continuing its evaluation of these and subsequent periods. Further, the independent review has found no evidence of any intentional wrongdoing by the Company’s current executives. Until the voluntary review is completed, Citrix will not be able to file its Form 10-K. Citrix intends to file its Form 10-K as soon as practicable after the voluntary review is completed.
About Citrix
Citrix Systems, Inc. (Nasdaq:CTXS) is the global leader and the most trusted name in application delivery infrastructure. More than 180,000 organizations worldwide rely on Citrix to deliver any application to users anywhere with the best performance, highest security and lowest cost. Citrix customers include 100% of the Fortune 100 companies and 98% of the Fortune Global 500, as well as hundreds of thousands of small businesses and prosumers. Citrix has approximately 6,200 channel and alliance partners in more than 100 countries. Annual revenue in 2006 was $1.1 billion.
For Citrix Investors
This release contains forward-looking statements which are made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934 and Section 27A of the Securities Act of 1933. The forward-looking statements in this release do not constitute guarantees of future performance and involve a number of factors that could cause actual results to differ materially. Factors that could cause actual results to differ materially include, but are not limited to, the final conclusions of the Audit Committee concerning matters relating to the Company’s historical stock option grants and related accounting, the accuracy of the measurement dates of historical stock option grants, the impact of a delay in filing of the Company’s Annual Report on Form 10-K and the ability of the Company to timely file future periodic reports and the impact of any restatement of the Company’s previously issued financial statements or other actions that may be taken or required as a result of the independent review, as well as other risks detailed in the Company’s filings with the Securities and Exchange Commission. In addition, the review and its possible conclusions may adversely impact the Company. Citrix assumes no obligation to update any forward-looking information contained in this press release or with respect to the announcements described herein.
Citrix® is a registered trademark of Citrix Systems, Inc. in the U.S. and other countries. All other trademarks and registered trademarks are property of their respective owners.
