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U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
(Check One):
( ) Form 10-K ( ) Form 20-F (X) Form 11-K ( ) Form 10-Q ( ) Form N-SAR
For Period Ended: December 31, 1995
( ) Transition Report on Form 10-K
( ) Transition Report on Form 20-K
( ) Transition Report on Form 11-K
( ) Transition Report on Form 10-Q
( ) Transition Report on Form N-SAR
For the Transition Period Ended:
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:
Part I - Registrant Information
Full Name of Registrant C-TEC Corporation
Address of Principal Executive Office
105 Carnegie Center
Princeton, New Jersey 08540
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Form 12b-25
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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), following should be
completed. (Check box if appropriate)
(X) (a) The reasons described in reasonable detail in Part II of this form
could not be eliminated without unreasonable effort or expense;
(X) (b) The subject annual report, semi-annual report, transition report
on Form 10-K, Form 10-F, Form 20-K, Form 11-K or 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.
PART III--Narrative
State below in reasonable detail the reasons why Form 10-K, 11-K 10-Q, N-SAR or
the transition report or portion there could not be filed within the prescribed
time period. (Attach Extra Sheets if Needed)
Throughout the second half of 1995, the Company was in a transition process for
both the recordkeeper and trustee of the Company's 401(k) savings plan, which
plan is the subject of the Form 11-K. Due to poor performance of the former
recordkeeper, the transition process was not smooth and in fact several
discrepancies are still being investigated and corrected. Consequently,
additional time is necessary to assemble the information necessary for the
completion of the audit and preparation of financial statements of the plan
and to file a complete and accurate Form 11-K.
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Form 12b-25
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Part IV - Other Information
(1) Name and telephone number of person to contact in regard to this
notification.
Ralph S. Hromisin (609) 734-3855
(Name) (Area Code) (Telephone Number)
(2) Have all other peridoic 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 of 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 net increase (decrease) in net assets available for benefits was
approximately $(222,000) in 1994 and is anticipated to be approximately
$4,341,873 in 1995 primarily due to net unrealized appreciation (depreciation)
in the value of the Company stock fund included in Plan assets.
C-TEC CORPORATION
(Name of Registrant as specified in charter)
Has caused this notification to be signed on its behalf by the undersigned
whereunto duly authorized.
Date: June 28, 1996 By /s/ Bruce C. Godfrey
Bruce C. Godfrey
Executive Vice President
Chief Financial Officer
