Duckwall Alco Stores Inc - Notification that Annual Report will be submitted late (NT 10-K)
April 18 2008 - 3:46PM
Edgar (US Regulatory)
SEC FILE NUMBER
0-20269
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CUSIP NUMBER
264142100
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UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
12b-25
NOTIFICATION OF LATE FILING
(Check one):
x
Form 10-K
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o
Form 20-F
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o
Form 11-K
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o
Form 10-Q
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o
Form 10-D
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o
Form N-SAR
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o
Form N-CSR
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For Period Ended:
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February 3, 2008
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o
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Transition Report on Form 10-K
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o
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Transition Report on Form 20-F
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o
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Transition Report on Form 11-K
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o
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Transition Report on Form 10-Q
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o
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Transition Report on Form N-SAR
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For the Transition Period Ended: ___________________
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Nothing in this form shall be construed to imply that the
Commission has verified
any information contained herein.
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If the
notification relates to a portion of the filing checked above, identify the Item(s) to
which the notification relates:
PART I
- REGISTRANT INFORMATION
Full Name
of Registrant: Duckwall-Alco Stores, Inc.
Former Name
if Applicable: Not applicable.
Address of
Principal Executive Office
(Street and
Number)
: 401 Cottage Street
City, State
and Zip Code: Abilene, Kansas 67410-2832
PART
II - RULES 12b-25(b) AND (c)
If the subject report could not be filed without unreasonable effort of
expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following should be
completed. (Check box if appropriate)
x
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(a) The reason described in reasonable detail in Part III
of this form could not be eliminated without unreasonable effort or
expense;
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x
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(b) The subject annual report, semi-annual report,
transition report on Form 10-K, Form 20-F, Form 11-K, Form N-SAR or Form N-CSR,
or portion thereof, will be filed on or before the fifteenth calendar day
following the prescribed due date; or the subject quarterly or transition
report of Form 10-Q or subject distribution report on Form 10-D, or portion
thereof, will be filed on or before the fifth calendar day following the
prescribed due date; and
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o
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(c) The account’s statement or other exhibit
required by Rule 12b-25(c) has been attached if applicable.
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PART
III - NARRATIVE
State below in reasonable detail why Forms 10-K, 20-F, 11-K, 10-Q, 10-D,
N-SAR, N-CSR, or the transition report or portion thereof, could not be filed within the
prescribed time period.
Duckwall-ALCO Stores, Inc. (the “Company”) has determined that
it is unable to file its Annual Report on Form 10-K for the fiscal year ended February 3,
2008 (the “2008 Form 10-K”) by April 18, 2008, without unreasonable effort and
expense. Significant changes in finance and accounting personnel since January 2008, along
with expanded procedures testing processes and controls implemented to address material
weaknesses identified in prior years have caused delays in completing the preparation and
review of the Company’s financial statements for the fiscal year ended February 3,
2008, which has in turn delayed the audit of such financial statements by the
Company’s independent auditors.
The Company is currently not expecting any significant change in the results
of operations previously reported by the Company in its Form 8-K dated February 29, 2008,
which incorporated a press release relating to the Company’s updated guidance for the
fiscal year ended February 3, 2008.
The Company will include the annual assessment of internal controls over
financial reporting in the 2008 Form 10-K. The assessment will discuss material weaknesses
that management has identified and the actions that have been and will be taken to
remediate these material weaknesses.
PART
IV - OTHER INFORMATION
(1)
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Name and telephone number of person to contact in regard to this
notification
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Jon Ramsey
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(785) 263-3350
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(Name)
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(Area Code)(Telephone Number)
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(2)
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Have all other periodic reports required under Section 13 or
15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment
Company Act during the preceding 12 months or for such shorter period that the
registrant was required to file such report(s) been filed? If the answer is no,
identify report(s)
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(3)
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Is it anticipated that any significant change in results of
operations from the corresponding period for the last fiscal year will be
reflected by the earnings statements to be included in the subject report or
portion thereof?
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If so, attach an explanation of the anticipated change, both narratively and
quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the
results cannot be made.
Duckwall-Alco Stores, Inc. has caused this notification to be signed on its
behalf by the undersigned hereunto duly authorized.
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Duckwall-Alco Stores, Inc.
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Date: April 17, 2008
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By:
/s/ Jon
Ramsey
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Jon Ramsey
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Interim Chief Financial Officer and Treasurer
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