Bloomberg News

Monsanto Delays Filing Annual Report While Restatement Completed

October 31, 2011

Oct. 31 (Bloomberg) -- Monsanto Co., the world’s biggest seed company, will file its annual report with regulators as much as 15 days late because of delays related to a previously disclosed restatement of earnings.

The 10-K form for the fiscal year ended Aug. 31 will be filed no later than Nov. 15, St. Louis-based Monsanto said today in a regulatory filing. The restatement of earnings from 2009 through the first three quarters of 2011 caused “delays in obtaining and compiling the financial data” needed for the annual report, Monsanto said.

The company said on Oct. 5 that a U.S. Securities and Exchange Commission investigation prompted the financial restatement, which relates to the timing of accruals on customer-incentive programs for glyphosate, the active ingredient in Roundup herbicide.

Income from operations over the restatement period won’t materially change, Monsanto said today.

--Editor: Steven Frank

To contact the reporter on this story: Jack Kaskey in Houston at jkaskey@bloomberg.net

To contact the editor responsible for this story: Simon Casey at scasey4@bloomberg.net


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