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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
Commission File Number
1-5530
NOTIFICATION OF LATE FILING
(Check One): X Form 10-K ____ Form 20-K ___ Form 11-K
___
___ Form 10-Q ____ Form N-SAR
For Period Ended: DECEMBER 31, 1993
_____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:________
If the notification relates to a portion of the filing checked above, identify
the Item(s) to which the notification relates:
(not applicable)
_________________________________________________________________
PART I
REGISTRANT INFORMATION
Full Name of Registrant: ALLIED PRODUCTS CORPORATION
Former Name: Not Applicable
Address of Principal Executive Office:
10 South Riverside Plaza
Suite 1600
Chicago, Illinois 60606
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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-25B, the
following should be completed (Check box if appropriate):
X (a) The reasons described in reasonable detail in Part III of
___ this form could not be eliminated without unreasonable effort or
expenses;
X (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
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 the Form 10-K, 20-F, 11-K,
10-Q, N-SAR, or the transition report or portion thereof, could not be filed
within the prescribed time period.
On December 30, 1993 Allied Products Corporation (the "Company") sold the
assets of its White-New Idea division which was the last of a series of five
divestitures or liquidations of operating units to occur in 1993. In
addition, a letter of intent for the sale of the Company's Cooper division was
executed in the first quarter of 1994. As a result of these transactions, it
is necessary to restate the Company's previously issued financial statements
to reflect the operating results from the six divisions, as well as a pro rata
allocation of interest expense, financing costs and certain administrative
expenses as discontinued operations. Despite the Company's efforts to
complete the above described restatement, work necessary to restate the
Company's results of operations cannot be completed within the prescribed time
period.
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PART IV
OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification:
KENNETH B. LIGHT (312) 454-1020
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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 reports) been
filed? If answer is no, identify report(s). X Yes No
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(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? 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.
X Yes No
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Income from continuing operations for the year ended December 31, 1993 is
$5,951,000 compared to income from continuing operations of $1,774,000 for the
year ended December 31, 1992. Net income for the year ended December 31, 1993
is $15,284,000 compared to a net loss of $24,954,000 reported in the year
ended December 31, 1992.
ALLIED PRODUCTS CORPORATION
(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned
hereunto duly authorized.
Date: March 30, 1994 By /s/
_____________________
Kenneth B. Light
Executive Vice President
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