U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
(Check One):
[ ] Form 10-K and Form l0-KSB [ ] Form 20-F [ ] Form 11-K [X] Form 10-Q
and [ ] Form 10-QSB and [ ] Form N-SAP
For Period Ended: March 28, 1999
[ ] 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-SAP
For the Transition Period Ended: NA
PART I - REGISTRANT INFORMATION
Full Name of Registrant:
Champion Parts, Inc.
Former Name if Applicable:
NA
Address of Principal Executive Office (Street and Number):
751 Roosevelt Road, Building #7, Suite 110
City, State and Zip Code:
Glen Ellyn, Illinois 60137
PART II - RULES 12b-25(b) and (a)
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)
[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 annual report, semi-annual report, transition
report on Form 10-K, Form 20-F, 11-K or Form N-SAR, or
portion thereof will be filed on or before the fifteenth
calendar day following the prescribed due date; or the
subject quarterly report or transition report on Form l0-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 Form 10-K and Form
10-KSB, 20-F, 11-K, 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)
The Company during the first quarter of 1999 has been in the
process of converting its corporate financial and manufacturing
systems to a new operating platform running custom designed
software unique to its mode of business operations. In March, a
total cut-over was made to the new systems, and the parallel
running of the old system terminated.
The transition to the new software has been fraught with major
programming problems with the centralized accounts receivable and
payable sub-systems. At this juncture, the Company's financial
staff has been unable to fully reconcile these sub-systems with
the general ledger. Consequently, we are seeking relief on filing
the Form 10-Q so that we can properly review and reconcile with
assurance the financial information required by the Exchange Act.
PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification:
Richard W. Simmons (870) 777-8821 Ext.107
-----------------------------------------------------
(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, identity 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?
[ ] Yes [X] 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.
Champion Parts, Inc., has caused this notification to be signed on its
behalf by the undersigned thereunto duly authorized.
Date: 5/12/99 By: /s/ Richard W. Simmons
---------------------------
Corporate Controller and Secretary
