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Page 1 - NT 10-K - Filed by MOSSIMO INC
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 12b-25
Commission File Number 33-0684524
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
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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:
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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:
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PART I
REGISTRANT INFORMATION
Full name of registrant Mossimo, Inc.
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Former name if applicable
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Address of principal executive office (STREET AND NUMBER)
2450 White Road, 2nd Floor
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City, state and zip code Irvine, California 92614-6250
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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 box if appropriate.)
/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
/X/ (c) The accountant's statement or other exhibit required by Rule
12b-25(c) has been attached if applicable. See Exhibit A.
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Page 2 - NT 10-K - Filed by MOSSIMO INC
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. (Attach extra sheets if needed.)
The Annual Report on Form 10-K for the period ended December 31, 1999
cannot be filed within the prescribed time period because the Company's
independent auditors, Arthur Andersen LLP, have not yet completed their audit of
the Company's financial statements for the year ended December 31, 1999.
The Company hereby requests a fifteen day extension of the filing deadline
for its Form 10-K for the period ended December 31, 1999.
PART IV
OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
Jody Love (949) 797-0200
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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?
/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 attached Exhibit B
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Mossimo, Inc.
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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 30, 2000 By /s/ JODY L. LOVE
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Jody L. Love
Vice President Finance
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Page 3 - NT 10-K - Filed by MOSSIMO INC
EXHIBIT A
[ARTHUR ANDERSEN LLP LETTERHEAD]
Securities and Exchange Commission
450 Fifth Street North West
Washington, D.C. 20549
March 30, 2000
Re: Annual Report on Form 10-K of Mossimo, Inc.
Dear Sirs/Madam:
Pursuant to Rule 12b-25(c) of the Securities Exchange Act of 1934, the
undersigned hereby provides the Securities and Exchange Commission with a
statement of the reasons why we are not able to supply on or before March 30,
2000 the audit report required to be included in the Annual Report on Form 10-K
of Mossimo, Inc. (the Company) for the period ended December 31, 1999.
For the past 90 days, we have been working with the Company's management to
complete our audit of the Company's consolidated financial statements for the
year ended December 31, 1999. Due to significant changes in the Company's
planned operations and related administrative difficulties in obtaining
necessary information to issue our report, we have not had sufficient time to
complete our audit of said financial statements. We expect to complete our
audit within the next fifteen days so that the Company may file its Form 10-K
for the period ended December 31, 1999 on or before April 14, 2000.
/s/ ARTHUR ANDERSEN LLP
Arthur Andersen LLP
Irvine, California
March 30, 2000
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Page 4 - NT 10-K - Filed by MOSSIMO INC
EXHIBIT B
TO MOSSIMO, INC.'S FORM 12b-25
Commission File Number 33-0684524
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PART IV OTHER INFORMATION (CONTINUED)
The Company expects to report a net loss of $12.9 million for the year
ended December 31, 1999 compared with a net loss of $13.8 million for 1998. The
Company also expects to report that net sales increased to $47.4 million in 1999
from $45.3 million in 1998.
