SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 12b-25
Notification of Late Filing
Commission File Number 0-2642
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(Check one): Form 10-K and Form 10-KSB Form 11-K
Form 20-F [X] Form 10-Q and Form 10-QSB Form N-SAR
For period ended September 30, 1995
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Transition Report on Form 10-K and Form 10-KSB
Transition Report on Form 20-F
Transition Report on Form 11-K
Transition Report on Form 10-Q and Form 10-QSB
Transition Report on Form N-SAR
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 DE TOMASO INDUSTRIES, INC.
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Former name if applicable
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Address of principal executive office (Street and Number)
107 Monmouth Street, PO Box 856
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City, State and Zip Code Red Bank, NJ 07701
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PART II
RULE 12b-25(b) AND (c)
If the subject report could not be filed without unreason-
able 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, semi-annual report,
transition report on Forms 10-K, 10-KSB, 20-F, 11-K or Form N-
SAR, or portion thereof will be filed on or before the 15th
calendar day following the prescribed due date; or the subject
quarterly report or transition report on Form 10-Q, 10-QSB, 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,
10-KSB, 11-K, 20-F, 10-Q, 10-QSB, N-SAR or the transition report
portion thereof could not be filed within the prescribed time
period. (Attach extra sheets if needed.)
On July 17, 1995, the Company consummated an acquisition of
the operating subsidiaries of Finprogetti S.p.A. Pursuant to
the acquisition agreement, the number of shares of the Company's
common stock issued to Finprogetti was subject to downward
adjustment if certain conditions were not satisfied by September
30, 1995. The number of shares issued to Finprogetti, in turn,
largely determined whether the acquisition of the Finprogetti
subsidiaries would be accounted for as a purchase or as a reverse
acquisition. While the determination date has passed, and the
final determination of the number of shares issued to Finprogetti
has been made, the Company has not yet completed the financial
analysis to determine the effects of this acquisition and related
purchase price accounting issues. The problem has been exacer-
bated because Finprogetti did not maintain its records in accor-
dance with United States GAAP. Management has not yet completed
preparation of United States GAAP financial statements for the
period ended September 30, 1995.
12b25-2
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PART IV
OTHER INFORMATION
(1) Name and telephone number of person to contact in
regard to this notification.
Howard E. Chase 212-735-8679
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(Name) (Area Code) (Telephone Number)
(2) Have all other periodic reports required under Section
13 or 15(d) or 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 re-
quired to file such report(s) been filed? If the answer is no,
identify report(s).
Yes [X] No
Form 8-K for transaction dated July 17, 1995.
(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.
12b25-3
<PAGE>
DE TOMASO INDUSTRIES, INC.
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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.
Date November 10, 1995 By s/ Howard E. Chase
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Howard E. Chase
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 autho-
rized 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.C. 1001).
12b25-4
