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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D. C. 20549
FORM 12b-25
SEC FILE NUMBER
0-28072
Notification of Late Filing
CUSIP NUMBER
9528182103
Check One:[X]Form 10-K [ ]Form 20-F [ ]Form 11-K [ ]Form 10-Q [ ]Form N-SAR
For Period Ended: January 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:
Read Instruction (on back page) 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
West Coast Entertainment Corporation
Full Name of Registrant
Former Name if Applicable
One Summit Square , Suite 200, Rte. 413 & Doublewoods Rd.
Address of Principal Executive Office (Street and Number)
Langehorne, Pennsylvania 19047
City, State and Zip Code
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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 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, Form 20-F, 11-K, Form N-SAR, or portion
thereof, will be filed on or before the fifteenth calendar day
following the prescribed due date: or the subject quarterly
report of 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 the Form 10-K, 11-K, 10-Q,
N-SAR, or the transition report or portion thereof could not be filed within the
prescribed time period. (Attach Extra Sheets if Needed)
The Registrant was unable to file its Annual Report on Form 10-K for the fiscal
year ended January 31, 1999 by the prescribed May 3, 1999 due date without undue
effort or expense due to the fact that the Company has not yet completed the
process of collecting and documenting all information necessary to draft and
issue a complete and accurate Annual Report. The Registrant expects to finalize
this process shortly and plans to file its Form 10-K on or before the fifteenth
calendar day following the prescribed due date.
PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to
this notification
Richard Kelly 215 968-4318
(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? In answer is no,
identify report(s).
( X ) Yes ( ) No
(3) Is it anticipated that any significant change in results for
operations from the corresponding period for the last fiscal
year will be reflected by the statements to be included in the
subject report or portion thereof?
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( X ) Yes ( ) No
If so, attach an explanation of the anticipated change, both
narratively, and, if, appropriate, state the reasons why a
reasonable estimate of the results cannot be made.
The results for the year ended January 31, 1999 are finalized
and the Registrant will report a net loss of approximately
$27.2 million dollars of which $5.6 million represents a
previously announced one time charge for store closures and
$17.4 million represents a valuation charge stemming from a
change in the method of amortization of videocassette rental
inventory. The valuation charge was previously estimated to be
in the range of $10 to $15 million as previously disclosed in
the Company's third quarter 10-Q for the period ended November
1, 1998. The Company issued a press release on April 29, 1999
discussing the results for the year ended January 31, 1999.
West Coast Entertainment Corporation
Name of Registrant as Specified in Charter
has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.
Date: May 3, 1999 WEST COAST ENTERTAINMENT, INC.
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By: /s/ Richard Kelly
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Richard Kelly
Chief Financial Officer
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).
GENERAL INSTRUCTIONS
1. This form is required by Rule 12b-25 (17 CFR 240.12b-25) of the General Rules
and Regulations under the Securities Exchange Act of 1934.
2. One signed original and four conformed copies of this form and amendments
thereto must be completed and filed with the Securities and Exchange Commission,
Washington, D.C. 20549, in accordance with Rule 0-3 of the General Rules and
Regulations under the Act. The information
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contained in or filed with the Form will be made a matter of public record in
the Commission files.
3. A manually signed copy of the form and amendments thereto shall be filed with
each national securities exchange on which any class of securities of the
registrant is registered.
4. Amendments to the notifications must also be filed on Form 12b-25 but need
not restate information that has been correctly furnished. The form shall be
clearly identified as an amended notification.
5. Electronic Filers. This form shall not be used by electronic filers unable to
timely file a report solely due to electronic difficulties. Filers unable to
submit a report within the time period prescribed due to difficulties in
electronic filing should comply with either Rule 201 or Rule 202 of Regulation
S-T (Section 232.201 or Section 232.202 of this chapter) or apply for an
adjustment in filing date pursuant to Rule 13(b) of Regulation S-T (Section
232.12(c) of this chapter). [Added in Release No.34-31905 (Paragraph 85,111),
(effective April 26, 1993, 58 FR 14628.]
