SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 12b-25
Notification of Late Filing
Commission File Number 1-4976
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(Check one)
X Form 10-K and Form 10-KSB Form 11-K
- --- ---
Form 20-F Form 10-Q and Form 10-QSB Form 11-K
- --- --- ---
For period ended December 31, 1996
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- --- Transition Report on Form 10-K and Form 10-KSB
- --- Transition Report on Form 20-F
- --- Transition Report on Form 11-K
- --- Transition Report on Form 10-Q and Form 10-QSB
- --- Transition Report on Form N-SAR
For the transition period ended
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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
Full name of the registrant USL Capital Corporation
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Former name if applicable
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Address of principal executive office The American Road, Rm. 1182
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City, State and Zip Code Dearborn, Michigan 48121
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<PAGE>
PART 11
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.)
(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
- --- Forms 10-K, 10-KSB, 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, 10-QSB, 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 Forms 10-K, 10-KSB, 11-K,
20-F, 10-Q, 10-QSB, N-SAR or the transition report portion thereof could not be
filed within the prescribed time period. (Attach extra sheets if needed.)
Due to the sale of substantially all of the Registrant's operating assets during
the third and fourth quarters of 1996, preparation of financial statements and
other required disclosures in the Form 10-K required substantial review and
revision. This, coupled with the elimination of the Registrant's entire staff
during the fourth quarter of 1996 and the difficulty associated with collecting
and reviewing the Registrant's records, has resulted in unforeseen and
unavoidable delays in the preparation of the Form 10-K. These delays could not
be eliminated by the Registrant without unreasonable effort or expense.
PART IV
OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification.
Peter J. Sherry, Jr. (313) 564-6974
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(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).
X Yes No
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(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
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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.
Due to the sale of substantially all of the Registrant's operating assets
during the third and fourth quarters of 1996, there may be a significant change
in the results of operations from the corresponding period for the last fiscal
year reflected by the earnings statements to be included in the Form 10-K.
Because of the sales of such operating assets, preparation of financial
statements require substantial review and revision and make an estimation of
such change impossible at this time.
USL Capital 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 April 1, 1997 By /s/Peter J. Sherry, Jr.
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Peter J. Sherry, Jr., Secretary
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).
