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: March 31, 1996
[ ] 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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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: CHAMPION PARTS, INC.
Address of Principal Executive Office
(Street and Number): 2525 W. 22nd Street
City, State and Zip Code: Oak Brook, IL 60521
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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 quarterly report on Form 10-Q will be filed
on or before the five 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.
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PART III - - NARRATIVE
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The Company's current credit facility expired March 31, 1996.
The Company has been negotiating an extension with its lenders
since that date and has come to terms, in principle, on such an
extention.
The result of this extention could have a significant impact on the
Company's financial statements and disclosures. The Company requires
additional five days following the prescribed due date for the
March 31, 1996 quarterly report on Form 10-Q to execute the extension
and finalize its financial statements and disclosure requirements to
reflect this significant item.
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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
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: May 16, 1996
BY: /s/ Mark Smetana
Vice President Finance & Secretary
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ATTENTION:
Intentional misstatements or omissions of fact constitute
Federal Criminal Violations (See 18 U.S.C. 1001).
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EXPLANATION OF CHANGE IN RESULTS
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First quarter 1996 net sales ($8,300,000) will be significantly
lower than net sales in the first quarter of 1995 ($21,300,000)
due to the Company's decision in June 1995 to exit certain markets.
Net income for the first in 1996 is expected to be in excess of
$350,000 versus a net loss in the first quarter 1995 of
$2,100,000.
