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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
Commission File Number 0-13218
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NOTIFICATION OF LATE FILING
(Check one): [ ] Form 10-K [ ] Form 11-K [ ] Form 20-P [X] Form 10-Q
[ ] Form N-SAR
For Period Ended: March 31, 1996
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[ ] Transition Report on Form 10-K [ ] Transition Report on Form 10-Q
[ ] Transition Report on Form 20-K [ ] 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 constituted to imply that the Commission
has verified any information contained herein.
If the notification relates to a portion of the filing checked above,
identify Item(s) to which the notification relates:
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PART I. REGISTRANT INFORMATION
Full name of registrant COMPRESSION LABS. INCORPORATED
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Former name if applicable
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Address of principal executive office (Street and number)
2860 JUNCTION AVENUE
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City, State and Zip Code SAN JOSE, CA 95134
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PART II. RULE 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;
1.
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[X] (b) The subject annual report, semi-annual report, transition
report on Form 10-K, 20-P, 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, 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, 20-P,
10-Q, N-SAR or the transition report portion thereof could not be filed within
the prescribed time period. (Attach extra sheets if needed.)
The Company has not yet finalized its financial statements for
the quarter ended March 31, 1996 due to delays caused primarily
by (i) the departure of the Company's Chief Financial officer
in [May 1996] and (ii) the involvement of several members of the
Company's management and financial organization in business matters
related to the potential sale of the Company's Broadcast Product
Division, which the Company is accounting for as a discontinued
operation.
PART IV. OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
MICHAEL E. SEIFERT 408/435-3000
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(Name) (Area Code) (Telephone number)
(2) Have all other periodic reports required under Sections 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.
[SEE ADDENDUM] (if yes to this question)
COMPRESSION LABS, INCORPORATED
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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 May 10, 1996 By /s/ MICHAEL E. SEIFERT
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Name: Michael E. Seifert
Title: Vice President, Finance and
Chief Accounting Officer
2.
