U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
(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: October 1, 1995
[ ] 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:_________________________________
_________________________________________________________________
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:_________________________________________________________
_________________________________________________________________
PART I -- REGISTRANT INFORMATION
_________________________________________________________________
Full Name of Registrant: CHAMPION PARTS, INC.
Address of Principal Executive Office (Street and Number)
2525 W. 22nd Street
Oak Brook, IL 60521
City, State and Zip Code
_________________________________________________________________
PART II -- RULES 12b-25 (b) AND (c)
_________________________________________________________________
_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 quarterly report on Form 10-Q, will be filed
on or before the fifth calendar day following the prescribed due date;
___ (c) The accountant's statement or other exhibit required
by Rule 12b-25(c) has been attached if applicable.
_________________________________________________________________
<PAGE>
_________________________________________________________________
PART III -- NARRATIVE
_________________________________________________________________
In November 1, 1995 the Registrant's Board of Directors decided to exit the
manufacture and sale of automotive electrical (alternators and starters) and
mechanical (clutches and water pumps) products to traditional market
customers in the western United States. The company intends to shut down its
Fresno, California production facility except for the distribution of fuel
systems and front wheel drive assemblies to west coast customers.
The Registrant is analyzing the impact of this decision which will have a
pervasive impact on the Registrant's financial statements and MD&A. The
Registrant requires the additional five days following the prescribed due
date for the 1995 third quarter 10-Q to complete financial statement and
disclosure requirements to reflect this significant item.
_________________________________________________________________
<PAGE>
_________________________________________________________________
PART IV -- OTHER INFORMATION
_________________________________________________________________
(1) Name and telephone number of person to contact in regard
to this notification
Mark Smetana (708) 573-6264
(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.
See Attached.
CHAMPION PARTS, INC.
(Name of Registrant as specified in charter)
has caused this notification to be signed on its behalf by the
undersigned thereunto duly authorized.
Date: November 15, 1995
By: /s/ Mark Smetana
Mark Smetana
Vice President Finance & Secretary
_________________________________________________________________
ATTENTION
Intentional misstatements or omissions of fact constitute
Federal Criminal Violations (See 18 U.S.C.1001).
_________________________________________________________________
<PAGE>
_________________________________________________________________
EXPLANATION OF CHANGE IN RESULTS
_________________________________________________________________
As a result of the Company's decision to exit the manufacture and sale of
automotive electrical and mechanical products in the western United States,
the Company expects to record a special charge to reflect the direct costs
to close that operation. The company is also evaluating the impact of this
decision on the realization of asset carrying values, in particular its
inventories.
Third quarter 1995 results will also reflect the impact of the Company's
decision in June 1995 to exit the manufacture and sale of automotive
electrical and mechanical products in the western United States. Net sales
for the third quarter 1995 are 65% lower than 1994 third quarter net sales.
In addition, the Company will post a net loss for the quarter, before special
charges and other charges related to the decision to exit the manufacture
electrical and mechanical products in the western United States, in excess of
$2,000,000. In the third quarter 1994, the company reported net income
of $62,000.
