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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
Commission File Number 0-23027
NOTIFICATION OF LATE FILING
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(Check One):
[ ] Form 10-K [ ] Form 11-K [ ] Form 20-F [X] Form 10-Q
For Period Ended: January 24, 1999
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
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Full Name of Registrant: Compass Plastics & Technologies, Inc.
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Former Name if Applicable:
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Address of Principal Executive Office
(Street and Number): 15730 South Figueroa Street
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City, State and Zip Code: Gardena, California 90248
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Part II - Rule 12b-25(b)and (c)
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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;
[X] (b) The subject annual report or portion thereof will be filed on or
before the 15th calendar day following the prescribed due date; or the
subject quarterly report 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.
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Part III - Narrative
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State below in reasonable detail the reasons why Form 10-K, 11-K, 20-F or 10-Q
or portion thereof could not be filed within the prescribed time period.
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Part IV - Other Information
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(1) Name and telephone number of person to contact in regard to this
notification:
Paul J. Iacono (323) 770-8771
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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 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
The Company's Annual Report on Form 10-K for the fiscal year ended October
25, 1998 has not been filed because the Company is still experiencing
delays in the collection and compilation of certain financial and other
information required to be included in the Form 10-K.
(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
The Registrant expects to report a net loss of approximately $1.1 million
on total revenues of approximately $13.6 million for the period ended
January 24, 1999 as compared to $216,495 of net income on total revenues of
approximately $10.8 million for the previous fiscal year. The expected loss
is a continuation of events previously disclosed in the Registrant's
Quarterly Report on Form 10-Q for the period ended July 26, 1998.
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COMPASS PLASTICS & TECHNOLOGIES, 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 5, 1999 By:/s/ Paul J. Iacono
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Paul J. Iacono
Vice President-Finance and
Chief Financial Officer
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