Joe’s Jeans cancelled its Feb. 12 earnings conference call to discuss the company’s results for the fourth quarter and fiscal year ended Nov. 30, 2014.
The jeans company is struggling with a default on its term loan with Garrison Loan Agency. The company’s annual filing, including its financial statements, and management discussion and analysis, will be filed with the SEC by today.
The postponement of the call allows Joe’s Jeans management to deal with the debt refinancing process. The company has commissioned Carl Marks Advisory Group to help explore strategic and financing alternatives to resolve the default.
Joe’s Jeans leadership changed hands last month. Marc Crossman, the previous president and CEO of Joe’s Jeans, resigned to take a consulting position with the company. Samuel Joseph Furrow Jr. is serving as interim CEO.