SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12B-25
Notification of Late Filing
Commission File Number 000-22673
(Check one): ( ) Form 10-K ( ) Form 11-K ( ) Form 20-F (X) 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 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
Schick Technologies, Inc.
Full name of registrant
Former name if applicable
31-00 47th Avenue
Address of principal executive office (Street and Number)
Long Island City, New York 11101
City, State and Zip Code
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 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.
The registrant's Form 10-Q for the quarter ended December 31, 1999 cannot be
filed within the prescribed time period. To date, the registrant has been unable
to file its Annual Report on Form 10-K for the fiscal year ended March 31, 1999
and its Forms 10-Q for the quarters ended June 30, 1999 and September 30, 1999.
Its financial statement for the quarter ended December 31, 1999 cannot be
accurately compiled before its Fiscal 1999 year-end results and financial
statements for the quarters ended June 30, 1999 and September 30, 1999 are
finalized.
The registrant previously disclosed the delay in filing its Annual Report on
Form 10-K for the year ended March 31, 1999, as disclosed in the registrant's
Forms 12b-25 dated June 30, 1999, August 17, 1999 and November 16, 1999. The
registrant's year-end audit is currently being completed by Grant Thornton. In
addition, as previously disclosed in the registrant's Form 8-K dated September
1, 1999, the registrant's financial statements for the first, second and third
quarters of fiscal 1999 are being restated from those previously announced by
the registrant in February 1999. Once the audit process and the restatement of
the registrant's financial statements for the first, second and third quarters
of fiscal 1999 are completed, the registrant intends to promptly file its Annual
Report on Form 10-K for the year ended March 31, 1999 and will file its Forms
10-Q for the quarters ended June 30, 1999, September 30, 1999 and December 31,
1999 as soon thereafter as practicable. However, the registrant does not expect
to be able to file its Form 10-Q for the quarter ended December 31, 1999 prior
to the time period indicated in paragraph (b) of Part II of this Form 12b-25.
PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification.
David B. Schick (718) 937-5765
(Name) (Area Code) (Telephone Number)
(2) Have all other periodic reports required under Section 13 or 15(d) or 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).
( ) Yes (x) No
Registrant has not yet filed its Annual Report on Form 10-K for the year
ended March 31, 1999 or its Forms 10-Q for the quarters ended June 30, 1999 and
September 30, 1999.
Note: Registrant intends to file its Forms 10-Q/A for the quarters ended
June 30, 1998, September 30, 1998 and December 31, 1998
contemporaneously with or shortly after its Annual Report on Form 10-K
for the year ended March 31, 1999 is filed.
(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.
The registrant anticipates reporting a net loss for the quarter ended December
31, 1999. The registrant is unable to provide an explanation of any anticipated
change inasmuch as it intends, as previously disclosed
<PAGE>
in registrant's Form 8-K dated September 1, 1999, to restate its financial
statements for the comparable quarter of the preceding year, but has not yet
done so.
SCHICK TECHNOLOGIES, 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: February 15, 2000 By: /s/ David B. Schick
------------------------------------
David B. Schick,
Chief Executive Officer
