- Notification that Quarterly Report will be submitted late (NT 10-Q)
November 14 2008 - 4:29PM
Edgar (US Regulatory)
001-13924
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SEC
File
Number
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828599100
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CUSIP
Number
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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
12b-25
NOTIFICATION
OF LATE FILING
[
] Form
10-K [ ] Form 20-F [ ] Form 11-K [X] Form 10-Q
[
] Form
10-D [ ] Form N-SAR [ ] Form N-CSR
For
the
period ended: September 30, 2008
[
]
Transition Report on Form 10-K
[
]
Transition Report on Form 20-F
[
]
Transition Report on Form 11-K
[
]
Transition Report on Form 10-Q
[
]
Transition Report on Form N-SAR
For
the
Transition Period ended:
Nothing
in this form shall be construed to imply that the Commission has verified any
information contained herein.
If
the
notification relates to a portion of the filing checked above, identify the
Item(s) to which the notification relates:
N/A
PART
I — REGISTRANT INFORMATION
Full
Name
of Registrant
Former
Name if Applicable
Address
of Principal Executive Office (
Street
and Number
)
City,
State and Zip Code
PART
II — RULES 12b-25(b) AND (c)
If
the
subject report could not be filed without unreasonable effort or expense and
the
registrant seeks relief pursuant to Rule 12b-25(b), the following should be
completed. (Check box if appropriate)
[x]
|
(a)
The reason described in reasonable detail in Part III of this form
could
not be eliminated without unreasonable effort or
expense
|
[x]
|
(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 report or transition
report
on 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
|
[
]
|
(c)
The accountant’s statement or other exhibit required by Rule 12b-25(c) has
been attached if applicable.
|
PART
III — NARRATIVE
Simclar,
Inc. is unable to file its Quarterly Report on Form 10-Q for the period ended
September 30, 2008,
on
a
timely basis due to
its
inability to complete the consolidated financial statements of the Company
in
time to allow the Company’s independent accounting firm to complete its review
of such financial statements prior to the filing deadline. The delay in
completion of the financial statements was due to the implementation of
corrective actions to address the previously reported problems involving the
Company’s Mexico facilities. The Company expects to file its Quarterly Report on
Form 10-Q for the period ended September 30, 2008, on or before November 18,
2008.
PART
IV — OTHER INFORMATION
(1)
Name
and telephone number of person to contact in regard to this
notification
Stephen
P. Donnelly
|
937
|
220-9777
|
(Name)
|
(Area
Code)
|
(Telephone
Number)
|
(2)
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 of 1940 during
the preceding 12 months or for such shorter period that the registrant was
required to file such reports been filed? If the answer is no, identify the
reports.
[
] Yes
[X] No
The
Company has not field its Quarterly Report on Form 10-Q for the period ended
June 30, 2008, but expects to also file this Quarterly Report on or before
November 18, 2008.
(3)
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?
[X]
Yes
[ ]
No
Explanation
of Anticipated Change:
The
company expects to report an decrease in sales for the third quarter of 2008
compared to the same quarter of 2007 of approximately $13 million, and net
loss
for the third quarter of 2008 which represents a decline in net income from
the
same quarter of 2007 of approximately $1.1 million. The worsening global
economic environment has particularly impacted the telecommunications
infrastructure sector which accounts for some 60% of the Company’s business, and
accounted for a significant portion of sales decrease in the third quarter
of
2008 compared to the same quarter of 2007. In addition, production problems
experienced in the Company’s Mexican facility had an adverse impact on the
quarter’s shipments.
SIGNATURES
Simclar,
Inc. has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.
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SIMCLAR,
INC.
|
|
|
|
|
Date:
November 14, 2008
|
By:
/s/ Stephen P.
Donnelly
|
|
Stephen
P. Donnelly
|
|
Chief
Financial Officer
|
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