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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
Commission File Number 1-5530
(Check One):
/ / Form 10-K / / Form 11-K / / Form 20-F /X/ Form 10-Q / / Form N-SAR
For Period Ended: September 30, 2000
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/ / 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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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:________________________
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PART I
REGISTRANT INFORMATION
Full Name of registrant: ALLIED PRODUCTS CORPORATION
Former Name if applicable
Address of principal executive office
(Street and number): 1355 East 93rd Street
City,state and zip code: Chicago, Illinois 60619
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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 box if appropriate.)
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(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 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) had 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.)
The Registrant could not file its Form 10-Q within the prescribed time
period due to the substantial expense it would incur and the lack of
personnel available to gather information for and assemble the requisite
financial statements. The Registrant currently has very limited resources
available and has lost a significant number of its finance department
personnel for the preparation of the Form 10-Q.
On October 2, 2000, the Registrant filed a voluntary petition under
Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the
Northern District of Illinois (case no. 00 B 28798). The need to comply with
bankruptcy procedures has further delayed the preparation of the Form 10-Q.
The Registrant plans to request confirmation from the Division of
Corporate Finance that it will not recommend enforcement action from the
Securities and Exchange Commission, if it files, in lieu of periodic reports,
including the September 30, 2000 Form 10-Q required under the Securities
Exchange Act of 1934, as amended, the monthly operating reports required to
be filed to the Bankruptcy Court.
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PART IV
OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification.
Richard A. Drexler 773 933-8200
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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 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
ALLIED PRODUCTS 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.
/s/ Jack Hinnendael
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Date: November 15, 2000 By: Jack Hinnendael
Vice President-Accounting and Chief
Accounting Officer
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Securities and Exchange Commission
Form 12b-25
Commission File No. 1-5530
Notification of Late Filing
Attachment for Part IV (3) Other Information
The Registrant anticipates that it will have a net loss from continuing
operations for the nine months ended September 30, 2000. On October 2, 2000,
the Registrant filed a voluntary petition under Chapter 11 of the U.S.
Bankruptcy Code in the U.S. Bankruptcy Court for the Northern District of
Illinois (case no. 00 B 28798). Due to the termination of several key finance
department employees, the Registrant requires additional time to accurately
determine its financial results for the nine months ended September 30, 2000.
As a result of the above, the Registrant does not believe it would be able to
make a reasonable estimate of its results of operations as of the date of
this filing.
