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UNITED STATES | SEC FILE NUMBER |
SECURITIES AND EXCHANGE COMMISSION | 1-6123 |
Washington, D.C. 20549 --------------------
| CUSIP NUMBER |
FORM 12b-25 | 224174201 |
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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: December 31, 1996
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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
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Full Name of Registrant
Craig Corporation
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Former Name if Applicable
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Address of Principal Executive Office (Street and Number)
550 South Hope Street, Ste. 1825
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City, State and Zip Code
Los Angeles, CA 90017
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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, 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 or 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, 11-K, 10-Q,
N-SAR, or the transition report or portion thereof, could not be filed within
the prescribed time period. (ATTACH EXTRA SHEETS IF NEEDED)
SEE ATTACHED NARRATIVE
(ATTACH EXTRA SHEETS IF NEEDED)
SEC 1344 (11-91)
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PART IV--OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
Robin Skophammer 213 239-0555
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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 reports) been filed?
If the answer is no, identify report(s). [X] Yes [_] No
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(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.
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Craig 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
hereunto duly authorized.
Date March 31, 1997 By /s/ Robin W.Skophammer
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Robin W. Skophammer, 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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| INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT |
| CONSTITUTE FEDERAL CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001). |
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GENERAL INSTRUCTIONS
1. This form is required by Rule 12b-25 (17 CFR 240,12b-25) of the General
Rules and Regulations under the Securities Exchange Act of 1934.
2. One signed original and four conformed copies of this form and amendments
thereto must be completed and filed with the Securities and Exchange
Commission, Washington, D.C. 20549, in accordance with Rule 0-3 of the
General Rules and Regulations under the Act. The information contained in
or filed with the form will be made a matter of public record in the
Commission files.
3. A manually signed copy of the form and amendments thereto shall be filed
with each national securities exchange on which any class of securities of
the registrant is registered.
4. Amendments to the notifications must also be filed on form 12b-25 but need
not restate information that has been correctly furnished. The form shall
be clearly identified as an amended notification.
5. Electronic Filers. This form shall not be used by electronic filers unable
to timely file a report solely due to electronic difficulties. Filers
unable to submit a report within the time period prescribed due to
difficulties in electronic filing should comply with either Rule 201 or
Rule 202 of Regulation S-T or apply for an adjustment in filing date
pursuant to Rule 13(b) of Regulation S-T.
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EXTRA SHEET
PART III--NARRATIVE
Registrant will be unable to timely file its Annual Report on Form 10-K for the
year ended September 30, 1996 because Registrant needs time to consolidate the
annual results and disclosures of its majority owned affiliate, Reading
Entertainment, Inc. Registrant is currently incorporating such results into its
Form 10-K. Registrant will file its Form 10-K promptly upon preparation of its
financial statements and disclosures and in no event beyond the applicable
extension period.
PART IV--NARRATIVE
As disclosed in the Company's Quarterly Report on Form 10Q for the quarter ended
September 30, 1996, the Company during Fiscal 1996 increased its ownership
interest in Reading Entertainment, Inc. ("Reading") through the acquisition of
additional equity securities of Reading. Consequently, the Company reports its
interest in Reading on a consolidated basis for the 1996 periods. Due to the
changes in the Company's ownership interest in its affiliates, the presentation
of the Company's financial position and results of operations vary significantly
from the presentation for previous periods.
In addition, the 1996 results as compared to the 1995 results include a non-
recurring gain (reported in the September 30, 1996 Quarterly Report on Form 10-
Q) on the conversion of its common stock interest in Stater Bros. Holdings, Inc.
to preferred stock amounting to approximately $34.9 million, net of income taxes
provided. As stated above in Part III, the Company has not finalized its
operating results for Fiscal 1996, and accordingly other changes to those
described above are expected.