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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
(Check One); [ ]Form l0-K [ ]Form 20-F [ ]Form 11-K [X]Form l0-Q [
]Form N-SAR
For Period Ended: March 29, 1998
[ ] Transition Report on Form 1O-K
[ [ Transition Report on Form 20-F
[ ] Transition Report on Form 11-K
[ [ Transition Report on Form 1O-Q
[ [ Transition Report on Form N-SAR
For the Transition Period Ended: ___________________
Nothing in this form shall be construed to imply that the Commission has
certified 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
Alba-Waldensian, Inc.
Former Name if Applicable
Address of Principal Executive Office
201 St. Germain Ave., S.W.
(Street and Number)
Valdese, North Carolina 28690
(City, State and Zip Code)
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)
(a) The reasons described in reasonable detail in Part Ill
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, Form 20-F, 11-K, 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 of transition report
on Form l0-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 the Form 10-K, 11-K, l0-Q,
N-SAR, or the transition report or portion thereof could not be filed within
the prescribed time period. (Attach Extra Sheets if Needed)
The registrant could not finalize it financial statements due to a delay
in the closing of a major refinancing of all of its outstanding bank debt.
The refinancing should be completed in time to allow the filing of Form 10-Q
within the five days subsequent to its due date.
PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
Glenn J. Kennedy 704-879-6539
(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 1940during the preceding 12 months (or for such shorter) period that
the registrant was required to file such reports) been filed?
If answer is no, identify report(s). Yes [X] 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.
First quarter earnings were $741,000 versus a loss of $685,000 in the first
quarter of 1997. This results in income per share of 40 cents as compared to a
loss per share of 37 cents a year ago. Net sales for the Company during the
quarter increased by 31% from $13,940,000 to $18,296,000. Earnings in the second
quarter are expected to be substantially lower.
Alba-Waldensian, Inc.
(Name of registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned
hereunto duly authorized.
Date: May 14, 1998 By: Glenn J. Kennedy, Chief Financial Officer
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 authorized
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).
1. This form is required by Rule 12b-25 (17 CFR 240.12b-25) of the General
Rules and Regulations under the Securities Exchange Act of 1934.
2. One signed original and four conformed copies of this form and
amendments thereto must be completed and filed with the Securities and Exchange
Commission, Washington, DC 20549, in accordance with Rule 0-3 of the General
Rules and Regulations under the Act. The information contained in or filed
with the form will be made a matter of public record in the Commission files.
3. A manually signed copy of the form and amendments thereto shall be
filed with each national securities exchange on which any class of securities
of the registrant is registered.
4. Amendments to the notifications must also be filed on form 12b-25
but need not restate information that has been correctly furnished.
The form shall be clearly identified as an amended notification.
This form shall not be used by electronic filers unable to timely file
a report solely due to electronic difficulties. Filers unable to submit a
report within the time period prescribed due to difficulties in electronic
filing should comply with either Rule 201 or Rule 202 of Regulation S-T or
apply for an adjustment in filing date pursuant to Rule 13(b) of Regulation S-T.
