SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 12B-25
Commission File Number 0-27670
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 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 the 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:
Engineering Animation, Inc.
Former name if applicable:
Address of principal executive office
2321 North Loop Drive
(Street and number):
City, state and zip code:
Ames, IA 50010
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
[ ] (c) The accountant's statement or other exhibit required by Rule
12b-25(c) has been attached if applicable.
<PAGE>
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 March 1, 2000, we retained KPMG LLP as our independent auditor to
replace Ernst & Young LLP (E&Y). E&Y resigned on February 29, 2000 after
determining that, as a result of certain fees received for bookkeeping services
performed by E&Y at three of our European subsidiaries, E&Y could not meet the
Securities and Exchange Commission technical requirements for auditor
independence.
As a result of the change in independent auditor the Company has not
been able to complete the preparation of the Form 10-K on its normal schedule.
PART IV
OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to
this notification
Michael K. O'Gara 515-296-9908
(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.
We announced on July 6, 1999 that we are exiting our Interactive Games
and Science and Technology businesses by the end of the first quarter of 2000.
We established a provision for discontinued operations in the second quarter of
1999 to cover the estimated costs of exiting these businesses including
operating losses during the phase out period. Our prior financial results have
been restated to reflect the Interactive Games and Science and Technology
businesses as discontinued operations.
We announced in a press release dated March 1, 2000, that revenue estimates
for the fourth quarter are expected to be in the range of $14.5 million to $16.5
million. We can only provide estimated revenues at this time due to the
circumstances as explained in part III above.
Engineering Animation, 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 28, 2000 By: /s/ Michael K. O'Gara
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Vice President of Finance and
Chief Financial Officer
