SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 12b-25
Commission File Number 0-8403
NOTIFICATION OF LATE FILING
(Check One): |X| Form 10-K |_| Form 11-K |_| Form 20-F |_| Form 10-Q
|_| Form N-SAR
For Period Ended: December 31, 1999
|_| Transition Report on Form 10-K |_| Transition Report on Form 10-Q
|_| Transition Report on Form 20-F |_| Transition Report on Form N-SAR
|_| Transition Report on Form 11-K
For the Transition Period Ended: ________________________________
Read attached instruction sheet before preparing form. Please print or
type.
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: ________________________
PART I
REGISTRANT INFORMATION
Full name of registrant Hispanic Television Network, Inc.
Former name if applicable
American Independent Network, Inc.
Address of principal executive office (Street and number)
6125 Airport Freeway, Suite 200
City, state and zip code Fort Worth, Texas 76117
PART II
RULE 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.)
(a) The reasons described in reasonable detail in Part III of this
form could not be eliminated without unreasonable effort or
expense;
(b) The subject annual report, semi-annual report, transition report
on Form 10-K, 20-F, 11-K or Form N-SAR, or portion thereof will
|X| be filed on or before the 15th calendar day following the
prescribed due date; or the subject quarterly report or
transition report on Form 10-Q, 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
State below in reasonable detail the reasons why Form 10-K, 11-K, 20-F,
10-Q, N-SAR or the transition report portion thereof could not be filed within
the prescribed time period:
On December 15, 1999, the Registrant completed its merger with Hispano
Television Ventures, Inc., at which time it changed its name to Hispanic
Television Network, Inc. Following the merger, the Registrant began to
assemble a new management team, which it did not substantially complete
until March 2000. In addition, the Registrant changed its independent
accountants on March 8, 2000 from Jack F. Burke, Jr. to Ernst & Young, LLP.
As a result of the merger and other recent changes, the Registrant has not
completed preparing the required financial statements.
<PAGE>
PART IV
OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
B. Franklin Byrd (817) 222-1234
(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 report(s) been filed? If the answer is no,
identify report(s).
|X| Yes |_| No
(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
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. See Annex 1.
Following the consummation of the merger between Hispano Television
Ventures, Inc. and American Independent Network, Inc., the Registrant changed
its name to Hispanic Television Network, Inc. The prior period financial
statements of Hispano Television Ventures, Inc. may require adjustedment. As the
merger occurred in December 1999 and management has greatly changed, management
has not fully assessed the impact of the possible adjustments to the prior
financial statements and, therefore, cannot disclose the amount of the possible
adjustments at this time.
Hispanic Television Network, Inc.
(Name of Registrant as Specified in Charter)
Has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.
Date March 30, 2000 By: /s/ B. Franklin Byrd
---------------------------
B. Franklin Byrd
Chief Financial Officer
