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U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 12b-25
SEC FILE NUMBER
NOTIFICATION OF LATE FILING 0-72
CUSIP NUMBER
987048105
(Check One):
[X] Form 10-K and Form 10-KSB [ ] Form 11-K [ ] Form 20-F [ ] Form 10-Q and
Form 10-QSB [ ] Form N-SAR
For Period Ended: FEBRUARY 28, 2000
[ ] 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
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Full Name of Registrant:
Former Name if Applicable:
YORK RESEARCH CORPORATION
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Address of principal executive office (STREET AND NUMBER)
280 PARK AVENUE, SUITE 2700 WEST
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City, State and Zip Code
NEW YORK, NEW YORK 10017
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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, semi-annual report, transition report
on Form 10-K or Form 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
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or Form 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.
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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-KSB,
11-K, 20-F, 10-Q and Form 10-QSB, N-SAR, or the transition report or portion
thereof could not be filed within the prescribed period. (Attach extra sheets if
needed.)
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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
MICHAEL TRACHTENBERG (212) 557-6200
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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 the
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.
YORK RESEARCH 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 MAY 30, 2000
/S/MICHAELTRACHTENBERG
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Michael Trachtenberg, EVP and
Chief Accounting and Financial Officer
ATTENTION
Intentional misstatements or omissions of fact constitute Federal
Criminal Violations (SEE 18 U.S.C. 1001).
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YORK RESEARCH CORPORATION
FORM 12b-25
Part IV (3)
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<CAPTION>
FISCAL 2000 FISCAL 1999 (2)
<S> <C> <C>
Estimated income (loss) from
continuing operations, before
income taxes $3,000,000 ($2,600,000)
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Estimated loss from discontinued
operations, net of income taxes (1) ($37,000,000) ($4,400,000)
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</TABLE>
Estimated pre-tax income from continuing operations for Fiscal 2000 benefited
from construction, completion and successful operation of three projects during
the fiscal year.
(1) The Company discontinued its remaining energy marketing business as of
February 28, 2000 as a result of losses incurred during Fiscal 2000. Included
in the estimated loss from discontinued operations are estimated total
liabilities of the marketing subsidiary, only a portion of which were
guaranteed by the parent.
(2) Prior year amounts have been restated to reflect the entire energy marketing
business as a discontinued operation.
