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SEC FILE NUMBER
333-56013
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CUSIP NUMBER
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
(Check One):[x]Form 10-K []Form 20-F []Form 11-K []Form 10-Q []Form N-SAR
For Period Ended: January 2, 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 Instruction (on back page) 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
Advance Stores Company, Incorporated
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Full Name of Registrant
N/A
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Former Name if Applicable
5673 Airport Road
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Address of Principal Executive Office (Street and Number)
Roanoke, VA 24012
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City, State and Zip Code
PART II - RULES 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, Form 20-F, 11-K, or Form N-SAR, or portion thereof, will
[X] 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.
PART III - NARRATIVE
State below in reasonable detail the reasons why the Form 10-K, 20-F, 11-K, 10-
Q, N-SAR, or the transition report or portion thereof, could not be filed within
the prescribed time period.
See Attachment III.
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(Attach Extra Sheets if Needed) Potential persons who are to respond to the
collection of information contained in this
form are not required to respond unless the
form displays a currently valid OMB control
number.
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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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Cynthia M. Dunnett 213 229-8526
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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.
See Attachment IV.
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Advance Stores Company, Incorporated
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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 March 31, 1999 By /s/ J. O'Neil Leftwich
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J. O'Neil Leftwich
Senior Vice President and Chief Financial
Officer
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ATTACHMENT III
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In November 1998, Advance Stores Company, Incorporated (the "Company") acquired
Western Auto Supply Company and its subsidiaries ("Western Auto"). As a result
of this acquisition and the demands placed on the Company's officers and
financial personnel in integrating Western Auto into the Company's operations
and information and reporting systems, the Company is not able to file its
Annual Report on Form 10-K for the fiscal year ended January 2, 1999 by April 2,
1999. In addition, the Company is currently determining the fair value of
certain acquired assets to account for the acquisition under the purchase method
of accounting. The Company expects to file the Form 10-K no later than the
fifteenth day following the due date.
ATTACHMENT IV
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The Company anticipates that both the revenues and expenses to be reflected on
its financial statements for its fiscal year ended January 2, 1999 will be
greater than such items reported for its previous fiscal year. The increase in
revenues and expenses is related to (i) growth in the Company's existing
business and (ii) the acquisition of Western Auto in November 1998. Final
amounts for the fiscal year ended January 2, 1999 cannot be quantified at this
time.
