Sirius XM Radio announced today that they will be delaying their annual report which would have normally been due today. The company will now report operational results on March 17, 2009 in a conference call. The SEC filings of the report will be issued no later than March 17th.
SIRIUS XM noted that senior management had been focused on the recent refinancing transactions and therefore needs additional time to complete its Form 10-K. While the refinancing was great news, delays in annual report could frustrate investors, and by extension hold the stock price in a more narrow range than initially hoped for.
Position - Long Sirius XM Radio