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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 12b-25
Commission File Number 0-22102
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, 1996
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[ ] 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: Not Applicable
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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: Not Applicable
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Part I. Registrant Information
Full name of registrant Global Pharmaceutical Corporation
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Former name if applicable Not Applicable
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Address of principal executive office
(Street and number): Castor & Kensington Avenues
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City, State and Zip Code: Philadelphia, PA 19124
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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 appropriate box.)
[ X ] (a) The reasons 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, 20-F, 11-K or Form N-SAR, or portion thereof will 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.
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Part III. Narrative
State below in reasonable detail the reasons why the Form 10-K, 11-K,
20F, 10-Q, N-SAR or the transition report portion thereof could not be filed
within the prescribed time period. (Attach extra sheets if needed.)
The Company is in the process of applying for U.S. Food and Drug
Administration ("FDA") Certification with respect to its plant area and
processes. An inspection of the Company's methods, facilities and controls was
completed in February 1997 and the Company is awaiting FDA certification. The
Company believes that it will receive such certification prior to the fifteenth
calendar day after the due date of the report, although there can be no
assurances with respect to the timing or the outcome of the certification
process. The Company believes that the outcome of the certification process will
impact how the Company conducts its business, the Company's responses to other
disclosures required by Form 10-KSB, and the Company's financial statements as
of December 31, 1996.
For the reasons set forth above, the Company's inability to file timely
its annual report on Form 10-KSB for the fiscal year ended December 31, 1996
could not be eliminated by the Company without unreasonable effort or expense.
The Company intends to file the subject annual report on Form 10-KSB no later
than the fifteenth calendar day after the due date of the report.
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Part IV. Other Information
(1) Name and telephone number of person to contact in regard to this
notification
Cornel C. Spiegler (215) 289-2220
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(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?
[ ] Yes [ X ] 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.
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GLOBAL PHARMACEUTICAL CORPORATION
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(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 17 , 1997 By:/s/ Cornel C. Spiegler
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Cornel C. Spiegler
Chief Financial Officer and
Vice President - Administration
Instruction. The form may be signed by an executive officer of
the registrant or by any other duly authorized representative. The name
and title of the person signing the form shall be typed or printed
beneath the signature. If the statement is signed on behalf of the
registrant by an authorized representative (other than an executive
officer), evidence of the representative's authority to sign on behalf
of the registrant shall be filed with the form.
ATTENTION
Intentional misstatements or omissions of fact constitute Federal
criminal violations (see 18 U.S.C. 1001).
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