UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
Commission File Number: 0-10665
FORM 12b-25
NOTIFICATION OF LATE FILING
(Check One):
|X| Form 10-K |_| Form 11-K |_| Form 20-F |_| Form 10-Q |_| Form N-SAR
|_| Form 10KSB
For Period Ended: May 31, 2000
[ ] 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:
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If the notification relates to a portion of the filing checked above,
identify the Item(s) to which the notification relates:
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PART I
REGISTRANT INFORMATION
SofTech Inc.
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Full Name of Registrant
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Former Name if Applicable
4695 44th Street S.E., Suite B-130
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Address of Principal Executive Office (Street and Number)
Grand Rapids, MI 49512
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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 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 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.
<PAGE>
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 or portion thereof, could not be filed within
the prescribed time period.
The Registrant's Annual Report on Form 10-K for the year ended May 31,
2000 could not be filed within the prescribed period pending the evaluation of
the results of an Arbitration Hearing and determination of the proper accounting
for these results.
Please see Exhibit A attached hereto and forming a part hereof.
<PAGE>
PART IV
OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
Joseph P. Mullaney, Chief Financial Officer, (781) 890-8373
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(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 that the
registrant was required to file such report(s) been filed? If answer is no,
identify report(s). |X| Yes |_| No
(3) Is it anticipated that any significant change in results of operation for
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? |_| Yes |X| 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.
SofTech, Inc.
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(Name of Registrant as Specified in Charter)
Has caused this notification to be signed on its behalf
by the undersigned hereunto duly authorized.
Date August 29, 2000 By /s/ Joseph P. Mullaney
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Joseph P. Mullaney
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)
<PAGE>
EXHIBIT A
Contact: Joseph P. Mullaney
Vice President and CFO
(781) 890-8373
Company Press Release
SOFTECH ANNOUNCES LITIGATION FINDING AND
DELAYED FORM 10-K FILING
Grand Rapids, MI --- August 29, 2000 --- SofTech, Inc. (NASDAQ:SOFT) today
announced that an Arbitrator has found in favor of CIMLINC, Inc. in its dispute
involving SofTech's acquisition of the Advanced Manufacturing Technology group
from CIMLINC in November 1997. The nature of the claims against SofTech were
described in the Company's Form 10-K filing for the year ended May 31, 1999.
CIMLINC has been awarded approximately $620,000 by the Arbitrator in this
matter.
The Company has today filed Form 12b-25, Notification of Late Filing, with the
Securities and Exchange Commission notifying them as to its inability to file
its Form 10-K for the fiscal year ending May 31, 2000 within the prescribed
period pending evaluation of the results of the Arbitration and the proper
accounting to reflect the award.
