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U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
[ X ] FORM 10-K
For the fiscal year ended
March 31, 1998
Part I - Registrant Information
ERLY INDUSTRIES INC.
(Exact name of registrant as specified in its charter)
California 95-2312900
(State or other jurisdiction (I.R.S. Employer
of incorporation) Identification No.)
10990 Wilshire Boulevard 90024-3913
Los Angeles, California (Zip Code)
(Address of principal executive offices)
Commission file number 1-7894
Registrant's telephone number, including area code (213) 879-1480
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ERLY INDUSTRIES INC.
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.
[X] (a) The reasons described in reasonable detail in Part III of this
form could not be eliminated without unreasonable effort or
expense.
Part III - Narrative
State below in reasonable detail the reasons why Form 10-K could not
be filed within the prescribed time period.
The Company is in the process of reviewing a number of disclosure
and accounting policy issues with its accountants and legal
counsel. Due to the timing and difficulty of the review and
reporting process, the additional expense would be unreasonable.
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ERLY INDUSTRIES INC.
Part IV - Other Information
(1) Name and telephone number of person to contact in regard to
this notification:
Thomas A. Whitlock
(213) 879-1480
(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, 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.
The Company is in the process of reviewing a number of disclosure and
accounting policy issues with its accountants and legal counsel. The
outcome of these discussions may materially affect the reported
results for the year ended March 31, 1998.
ERLY INDUSTRIES 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: June 29, 1998 By /s/ Thomas A. Whitlock
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Thomas A. Whitlock
Vice President and
Corporate Controller
