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VeriSign Will Miss Deadline for Filing 2006 Annual Report

VeriSign said it will be unable to file its 2006 annual report today, the prescribed due date, and did not expect to file by an extended deadline of March 16 either.

The Internet server and security company had previously said it would have to restate its financial records for 2002 to 2005 and for the first quarter of 2006 to record additional noncash, stock-based compensation expenses.

The company said at the end of last year that a review of historical stock option grants had been completed. It said in a filing with the U.S. Securities and Exchange Commission it had not yet completed the audit of its restatement.

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