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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
Commission File Number 0-23705
(Check One)
[ ] Form 10-K and Form 10-KSB [ ] Form 11-K
[ ] Form 20-F [ X ] Form 10-Q and Form 10-QSB [ ] Form N-SAR
For Period Ended: June 30, 2000
[ ] 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 10Q-SB
[ ] 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: N/A
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PART I
REGISTRANT INFORMATION
Full name of registrant AUTOMOTIVE PERFORMANCE GROUP, INC.
Former name if applicable N/A
Address of principal executive office (Street and number) 7341 Anaconda
Avenue
City, state and zip code Garden Grove, California 92841
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.)
[ 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, 10-KSB, 20-F, 11-K, or 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
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 Form 10-K, 10-KSB, 11-K,
20F, 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.)
APG experienced significant delays in preparing its Form 10-KSB for the
year ended December 31, 1999 because documents required to complete that filing
had not been prepared by entities outside APG's control. That delay caused
subsequent delays in filing APG's Form 10-QSB for the period ended March 31,
2000; that Form 10-QSB was filed on July 20, 2000. There has been insufficient
time since July 20 to complete the Form 10-QSB for the period ended June 30,
2000.
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PART IV
OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification.
Carl Walker (714)-373-2837, extension 15
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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 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.
Losses during the first six months of 2000 have been reduced to $2.8
million from $8.6 million for the first six months of 1999. As disclosed in Form
10-KSB for the year ended December 31, 1999, APG has restructured its business
by discontinuing all the operating elements extant at the beginning of 1999 and
concentrating its business around three elements added during 1999. As a result
of this restructuring, the results of operations for 2000 are not comparable to
those of the like period during 1999. During the first six months of 2000, the
major operating item was the $2.5 million equity in losses of an affiliate.
During the first six months of 1999, APG recorded a $3.0 million write off of
goodwill and a $3.8 million loss from discontinued operations.
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AUTOMOTIVE PERFORMANCE GROUP, 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: August 14, 2000 By: /s/ Carl Walker
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Carl Walker,
Treasurer
