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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
SEC FILE NUMBER 333-53737
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CUSIP NUMBER 58117F 10 4
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(Check One):
[ ] Form 10-K and Form 10-KSB [ ] Form 20-F [ ] Form 11-K
[X] Form 10-Q and Form 10-QSB [ ] Form N-SAR
For Period Ended: March 31, 1999
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[ ] 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:
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Read Attached Instruction Sheet 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.
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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
McHENRY METALS GOLF CORP.
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Full Name of Registrant
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Former Name if Applicable
1945 CAMINO VIDA ROBLE, SUITE J
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Address of Principal Executive Office (Street and Number)
CARLSBAD, CALIFORNIA 92008
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City, State and Zip Code
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PART II--RULES 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 Rules 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.
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PART III - NARRATIVE
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State below in reasonable detail the reasons why Form 10-K and Form 10-KSAB,
20-F, 11-K, 10-Q and Form 10-QSB, N-SAR, or the transition report or portion
thereof, could not be filed within the prescribed time period.
The Company's delay in filing its 1998 Annual Report on Form 10-QSB has made it
impossible for the Company to file this Quarterly Report on Form 10-QSB in a
timely manner without unreasonable time or expense. The Company has, however,
used its best efforts to file the Quarterly Report on Form 10-QSB in a timely
manner. The Company believes that it will be able to file this Quarterly Report
within the five day extension period permitted by Rule 12b-25.
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PART IV--OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
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DOUGLAS A. WILLFORD (760) 929-0015
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(Name) (Area Code) (Telephone Number)
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(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
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.
During 1998, the Company began sales of its products to customers, generating
approximately $3 million in net revenues for the year ended December 31, 1998.
Due to a variety of factors, including this being the Company's first year of
sales and a general down-turn in the golf industry which began in the second
quarter of 1998 and continued throughout the year and significant expenditures
by the Company on selling and marketing expenses in order to establish a market
presence for its products, the net loss for the year ended December 31, 1998 is
expected to be approximately $11.5 million as compared to $2.6 million for the
period from inception (January 13, 1997) through December 31, 1997.
McHENRY METALS GOLF CORP.
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(Name of Registrant as specified in charter)
has caused this notification to be signed on its behalf by the undersigned
hereunto duly authorized.
Date May 17, 1999 By: /s/ Douglas A. Willford
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Douglas A. Willford, CFO
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.
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ATTENTION
Intentional misstatements or omissions of fact constitute Federal Criminal
Violations (See 18 U.S.C. 1001)
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