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SECURITIES AND EXCHANGE
WASHINGTON, D.C. 20549
FORM 12b-25
Commission File Number 001-14253
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NOTIFICATION OF LATE FILING
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(Check One): /X/ Form 10-K / / Form 20-F / / Form 11-K / / Form 10-Q / / Form N-SAR
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For Period Ended: September 30, 1998
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/ / Transition Report on Form 10-K / / Transition Report on Form 10-Q
/ / Transition Report on Form 20-F / / Transition Report on Form N-SAR
/ / Transition Report on Form 11-K
For the Transition Period Ended:
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Read attached instruction sheet before preparing form. Please print or
type.
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 I
REGISTRANT INFORMATION
Full Name of Registrant Starmet Corporation
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Former Name if Applicable
Nuclear Metals, Inc.
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Address of principal executive office (Street and Number)
2229 Main Street
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City, state and zip code Concord, Massachusetts 01742
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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 box if appropriate.)
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(a) The reasons described in reasonable detail in Part III of
this form could not be eliminated without unreasonable effort
or expense;
(b) The subject annual report, semi-annual report, transition
report on Form 10-K, 20-F, 11-K or Form N-SAR, or portion
thereof will be filed on or before the 15th calendar day
/X/ 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.
PART III
NARRATIVE
State below in reasonable detail the reasons why Forms 10-K, 20-F,
11-K, 10-Q, N-SAR or the transition report portion thereof could not be filed
within the prescribed time period. (Attach Extra Sheets if Needed.)
Starmet Corporation (the "Registrant") is unable to file its Annual
Report on Form 10-K for the fiscal year ended September 30, 1998 within 90 days
after the end of such period without unreasonable effort or expense because of
delays in finalizing the Registrant's financial statements for such period
occasioned by the need to properly account for expenses and other charges.
PART IV
OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification.
John Hession (617) 248-7000
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(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 answer is not,
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 Annex A hereto for a discussion of changes in the results of
operations expected to be reflected by the earnings statements to be included
in the subject report.
Starmet Corporation
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(Name of Registrant as Specified in Charter)
Has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.
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Date December 28, 1998 By /s/ Kenneth A. Hurley
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Kenneth A. Hurley,
Interim Chief Financial Officer
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Annex A to Starmet Corporation
Form 12b-25 dated December 28, 1998
The Registrant anticipates that its statement of operations to be
included in the Form 10K will reflect significant changes in the Registrant's
results of operations from the year ended September 30, 1997 as a result of
several one time charges to income. The Registrant cannot yet estimate the
extent of such charges due to recent changes in the Registrant's personnel.
