SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
Commission File No. 0-7462
(Check One): __Form 10-K __Form 20-F ___Form 11-K X Form 10-Q ___Form N-SAR
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For Period Ended: March 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: ___________________
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:
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PART 1 - REGISTRANT INFORMATION
Full Name of Registrant: CPT Holdings, Inc.
Former Name if Applicable: N/A
Address of Principal Executive Office (Street and Number):
1430 Broadway. 13th Floor
City, State and Zip Code:
New York, New York 10018
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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 appropriate box).
(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, transition report on Form 10-K, Form
20-F, 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
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, 20-F, 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).
The registrant was unable to file Form 10-Q for the three months and nine months
ended March 31, 1996, on or before May 15, 1996, without unreasonable effort or
expense as a result of J&L Structural, Inc., an indirect, majority-owned
subsidiary of the registrant, attempting to conclude negotiations with its
lenders regarding certain loan agreement modifications which would have a
significant impact on its financial reporting and disclosure. Management expects
these negotiations to conclude within the 5 calendar day extension timeframe.
PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification.
William L. Remley 212 382-1313
(Name) (Area Code) (Telephone Number)
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(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 answer is no, identify report(s). Yes X 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 __
See attached Schedule A
CPT Holdings Inc., has caused this notification to be signed on its
behalf by the undersigned hereunto duly authorized.
CPT HOLDINGS, INC.
Dated: May 16, 1996 By: William L. Remley
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William L. Remley
President & Treasurer
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 violations (see 18 U.S.A.C. 1001).
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Schedule A
Registrant's subsidiary, Hupp Industries, Inc. ("Hupp") discontinued
all remaining operations as a result of a secured party asset sale on October
27, 1994. Losses from discontinued operations totaled approximately $550,000
through the date of sale. At the same time, the actual loss from the sale of
Hupp assets was significantly less than the estimate of $3,049,000 disclosed in
the fiscal year 1994 Form 10K dated June 30, 1994. Approximately $1,600,000 was
recognized as a gain on sale of discontinued operations resulting from this
change in estimate.
Furthermore, as a result of the purchase of J&L Structural, Inc. on
April 6, 1995, the results of continuing operations in comparison to the
previous year will be significantly impacted due to the relative volume of
operations of the newly acquired entity compared with the operations of Brighton
Electric Steel Casting Company during fiscal 1995.
