Goodyear lenders extend 10-K filing deadline

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Goodyear Tire & Rubber Co.'s United States and European credit facilities lenders have officially extended the company's deadline for filing its 2003 Annual Report on Form 10-K to May 19.

The delay will not prevent Goodyear from accessing credit facilities or obtaining letters of credit, if needed.

Earlier this month, Goodyear officials said they had expected to file the 2003 Form 10-K with the Securities and Exchange Commission by mid-May and had asked for a deadline extension from lenders.

On April 12, Goodyear announced it had finished its investigation into improper accounting practices in its European operations for a net income reduction of $10 million between the years 1997 and 2003.

Company officials expect most of the reduction to impact Goodyear's European business.

The European accounting probe was requested by Goodyear's audit committee last December.

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