U.S SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
NOTIFICATION OF LATE FILING
FORM 12b-25
Sec. File Number 0-8513 Cusip Number 163082-10-0
[Check One]
[X] Form 10-K [ ] Form 20-F [ ] Form 11-K [ ]Form 10-Q[ ] Form N-SAR
For the Period Ended: January 28, 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_____________________________
Read Instructions [on back page] Before Preparing Form.
Please Print or Type
Nothing in this form shall be constructed 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:
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PART I - REGISTRANT INFORMATION
Full Name of Registrant CHEFS INTERNATIONAL, INC.
Former Name if Applicable
Address of Principal Executive Office [Street and Number]
62 BROADWAY
City, State and Zip Code POINT PLEASANT BEACH, NEW JERSEY 08742 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 expenses;
[ X ] [b] The subject annual report, semi-annual report, transition
report on Form 10-K, Form 2-F, Form 11-K, 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 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.
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PART III - NARRATIVE
State below in reasonable detail the reasons why the Form 10-K, 20-F, 11-K, 10-Q
or N-SAR, or the transition report or portion thereof, could not be filed within
the prescribed time period [Attach Extra Sheet if Needed]. The Company is
implementing a new accounting pronouncement and needs time to finalize the
accounting for this pronouncement. PART IV - OTHER INFORMATION
[1] Name and telephone number of person to contact in regard to this
notification
Anthony Papalia 908 295-0350
[Name] [Area Code] [Telephone No.]
[2] Have all other periodic reports required under Section 13 or 15[d] of
the Securities and 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 answer is no, identify[ X ] Ye[ ] 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.
CHEFS INTERNATIONAL, 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 April 22,1996 By:_______________________________
Anthony Papalia
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.
ATTENTION
Intentional misstatements or omissions of fact constitute
Federal Criminal Violation [See 18 U.S.C. 1001]
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 the 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 amendment notification.
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CHEFS INTERNATIONAL, INC.
PART IV (3) EXPLANATION
[Rounded]
Twelve months ended
January 28, January 29,
* 1 9 9 6 1 9 9 5
Sales - Net $31,300,000 $31,900,000
Net [Loss] $(2,200,000) $ (257,000)
* Estimated
While net sales remained unchanged for the year ending January 28, 1996, the
Company experienced an increase in its estimated net loss of approximately
$2,000,000. This estimated net loss is primarily attributable to the write-down
of intangible assets, in conjunction with the early adoption of SFAS No. 121,
"Accounting for Impairment of Long-Lived Assets and for Long- Lived Assets to be
Disposed Of."
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