Canadian consumer goods company Dorel Industries Inc., which owns the Cannondale and Sugoi cycling brands, will no longer disclose financial information, including it annual report, with the Securities & Exchange Commission.
The company said it is voluntarily filing a Form 15F with the U.S. Securities and Exchange Commission (SEC) to terminate the registration of its Class B Subordinate Voting Shares under the Securities Exchange Act of 1934, as amended. Dorel expects that this termination of registration will become effective 90 days after its filing with the SEC. As a result of this filing, Dorel's obligation to file certain reports with the SEC, including an annual report on Form 20-F and reports on Form 6-K, will immediately be suspended.
As a TSX-listed reporting issuer, Dorel will continue to meet its Canadian continuous disclosure obligations by filing with the Canadian securities commissions. Dorel shares continue to trade on the TSX under the symbols DII.A and DII.B. All of Dorel's filings can be found on the System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com.
Dorel Industries Inc. bicylcling brands include Cannondale, Schwinn, GT, Mongoose and SUGOi. Dorel is a $2 billion company with forty-six hundred employees, facilities in seventeen countries, and sales worldwide.
US operations include Dorel Juvenile Group USA; the Cannondale Sports Group; Pacific Cycle; Ameriwood Industries which produces ready-to-assemble furniture; Altra Furniture; and Cosco Home & Office. Dorel China has eight offices which oversee the sourcing, engineering and logistics of the Company's Asian supplier chain.
