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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 [ ] Form 11-K [ X ] Form 10-Q [ ] Form N-SAR
For Period Ended: June 30, 1997
[ ] Transition Report on Form 10-K
[ ] Transition Report on Form 20-F
[ ] Transition Report on Form 11-K
[ ] Transition Report on Form 10-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 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: N/A
________________________________________________________________________________
Commission File Number: 1-0096
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PART I
Registrant Information
Full Name of Registrant:
STRIKER INDUSTRIES, INC.
Address of Principal Executive Office:
One Riverway, Suite 2450
Houston, Texas 77056
PART II
Rules 12b-25 (b) and (c)
[X ] 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:
(a) The reasons described in reasonable detail in Part III of this Form
could not be eliminated without unreasonable effort or expense.
(b) The subject Quarterly Report on Form 10-Q will be filed on or
before the fifth calendar day following the prescribed due date of the
Quarterly Report.
(c) The accountant's statement or other exhibit required by Rule 12b-25
(c) is attached. N/A
PART III
Narrative
State below in reasonable detail the reasons why Form 10-Q could not be filed
within the prescribed period:
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All of the required information necessary to complete Form 10-Q by
August 14, 1997 was not available, and therefore Form 10-Q will be filed within
the five day extension period.
PART IV
Other Information
(1) Name and telephone number of person to contact in regard to this
Notification:
Matthew D. Pond 713 622-4092
(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 1940 during the preceding 12 months or for such shorter period as 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
part thereof? [ X ] Yes [ ] No
For the quarter ended June 30, 1997, sales decreased
significantly (estimated to be approximately $944,000) due primarily to a
reduction in the number of units (tons) sold. The reduction in units sold is
attributable to the significant level of operational downtime during the
quarter. The downtime led to production shortages, which resulted in unabsorbed
production costs, all of which resulted in a decrease in gross margin
(estimated to be approximately $432,000). In addition, the Registrant
experienced an operating loss, an increase in general and administrative
expenses and an increase in interest expense during the period which resulted
in a net loss (estimated to be approximately $1,535,000) for the quarter ended
June 30, 1997, as compared to a net loss of $439,302 for the quarter ended June
30, 1996. This will be fully explained in the Registrant's Quarterly Report on
Form 10-Q for the quarter ended June 30, 1997 to be filed with the Commission
on or before August 19,1997.
STRIKER INDUSTRIES, INC. has caused this Notification to be signed on
its be-half by the undersigned hereunto duly authorized.
Date: August 13, 1997. By: /s/ Paul B. Edmiston
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Paul B. Edmiston
Corporate Controller
