Chuck E. Cheese parent delays annual report

CEC Entertainment Inc., the operator of Chuck E. Cheese restaurants, said it would fail to file its annual report by the March 1 due date as the company works to properly account for past stock option grants.

Instead, Irving, Texas-based CEC Entertainment will report its results for the fourth quarter and year ended Dec. 31 after the market closes March 6.

The company, which will restate a number of past financial documents, said in November that it would record expenses of as much as $30 million to properly account for past stock option grants dating back to 1989.

The company, which operates 529 Chuck E. Cheese restaurants, previously disclosed its internal investigation July 25.