Vishay To Release Fin. Stmts By September 4

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Vishay Precision Group, Inc.
VPG
, a leading producer of precision sensors and systems, today commented on the status of completion of its second fiscal quarter financial statements. On August 4, 2015, the company announced preliminary unaudited financial results for the second quarter and six months ended June 27, 2015. At that time, the company indicated that it had undertaken a review and analysis of its Indian subsidiary functional currency accounting and that it had planned to file its Form 10-Q for its second fiscal quarter by August 11, 2015, which would be within the extension period permitted by SEC regulations. The company continues to work diligently to finalize its second fiscal quarter Form 10-Q and currently expects to file the Form 10-Q and hold its earnings call by September 4, 2015. Because the review is ongoing, no assurances can be given as to the definitive date on which the Form 10-Q will be filed and the earnings call will be held. Although we are not yet in a position to estimate the amount of any required adjustments, our current expectation is that the principal line items impacted in the company's Indian subsidiary's financial statements, and consequently in the company's consolidated financial statements, are: property and equipment, net; cost of goods sold, including depreciation expense; foreign currency re-measurement gains and losses; and foreign currency translation gains and losses recorded as a component of accumulated other comprehensive income within stockholders' equity.
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