(I'd say something similar about size too, but that is more difficult to come up with a "clean" way to do it & is less important for this application.)
The date/time display in the report uses your system's short date/time settings. You can alter this in control panel (Region and Language in Win 7), and adjust the format to your liking.
Actually it looks like it must be using short date, long time.
I always set my Short Date to: MM/dd/yyyy & my Short Time to: hh:mm tt (so I don't typically run into these kinds of situations), but I had left Long Time: at its default (h:mm:ss tt).
Now, that's better .
PS: Just to note, a change to Region & Language requires a Duplicate Cleaner restart before the changes are affected.