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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC.
FORM 12b-25
Commission File Number: 1-12198
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NOTIFICATION OF LATE FILING
(Check One): [ ] Form 10-K [ ] Form 11-K [ ] Form 20-F [X] Form 10-Q
[ ] Form N-SAR
For Period Ended: MARCH 27, 1999
[ ] 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:
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: FERROFLUIDICS CORPORATION
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Former name if applicable
Address of principal executive office (Street and number): 40 SIMON STREET
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City, State and Zip Code: NASHUA, NEW HAMPSHIRE 03061
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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;
[X] (b) The subject annual report, semi-annual report, transition report on
Form 10-K, 20-F, 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-F,
10-Q, N-SAR or the transition report portion thereof could not be filed within
the prescribed time period. (Attach extra sheets if needed.)
Ferrofluidics Corporation (the "Company") is unable to meet its filing date
for the Form 10-Q for the quarter ended March 27, 1999 without unreasonable
effort or expense. The Company has requested further advice from its accountants
regarding the allocation under generally accepted accounting principles of
certain costs to discontinued operations in prior periods. Due to these
circumstances, the Company is requesting an extension on this Form 12b-25. The
Company intends to file the Form 10-Q within the time period specified by Rule
12b-25 of the Securities Exchange Act of 1934, as amended.
PART IV. OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification:
WILLIAM B. FORD, VICE PRESIDENT AND CHIEF FINANCIAL OFFICER, (603) 883-9800
(2) Have all other periodic reports required under Section 13 or 14(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.
On April 22, 1999, the Company reported net income of $39,000, or $0.01 per
share (basic and diluted), for the third quarter of the current fiscal year,
compared to a net loss of $2,442,000 or $0.39 per
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share (basic and diluted), in the third quarter of the previous fiscal year. The
Company also reported that income from continuing operations was the same
$39,000 in the third quarter of the current fiscal year, as compared to income
of $654,000, or $0.11 per share (basic and diluted), in the third quarter of the
previous fiscal year.
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FERROFLUIDICS CORPORATION
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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, 1999 By: /S/ WILLIAM B. FORD
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William B. Ford
Vice President and 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).
