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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
Commission File Number 0-5256
NOTIFICATION OF LATE FILING
(Check one): ( ) Form 10-K, ( ) Form 11-K, ( ) Form 20-F,
( ) Form 10-Q, ( ) Form N-SAR
For period ended:
( ) Transition Report on Form 10-K (X) Transition Report on Form 10-Q
( ) Transition Report on Form 20-F ( ) Transition Report on Form N-SAR
( ) Transition Report on Form 11-K
For the Transition Period Ended: DECEMBER 31, 1993
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: GREAT AMERICAN MANAGEMENT AND INVESTMENT, INC.
Address of principal executive office: TWO NORTH RIVERSIDE PLAZA, #800
City, state and zip code: CHICAGO, ILLINOIS 60606
12b25-1
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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 20-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.)
As disclosed in the Registrant's Form 10-Q for the quarter and nine months
ended September 30, 1993, the operations of Eagle Industries, Inc.
("Eagle"), a subsidiary of Great American Management and Investment, Inc.
(the "Registrant") which were previously reported as discontinued
operation have been presented as a consolidated subsidiary of the
Registrant. The presentation of Eagle as a consolidated subsidiary
resulted from the October 1993 decision to discontinue the proposed
spinoff of Eagle. In addition, in October 1993, Registrant changed its
fiscal year end from July to December to conform with Eagle's fiscal year
end of December. Eagle's financial condition and operating results
represent a substantial portion of the Registrant's consolidated financial
statements. Eagle files reports with the Securities and Exchange
Commission and will file its Form 10-K for the year ended December 31,
1993 by March 31, 1994. Currently, Eagle's December 31, 1993 annual audit
is in process. Registrant is awaiting the finalization of this audit to
determine that the information reported in its Transition Report on Form
10-Q is in conformity with the audit of Eagle's consolidated financial
statements. Registrant does not expect to file form 12b-25 in the future,
as its required filing dates will conform with Eagle's.
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PART IV. OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification:
NORMAN FIELD (312) 466-3838
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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
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:
Results from operations for the five months ended December 31, 1993
are expected to be unfavorable in comparison to the comparable period
of 1992. During the five months ended December 31, 1993, results
from continuing operations were impacted by: (i) as reported in the
Registrant's press release of January 31, 1994, Eagle recorded
substantial restructuring charges relating to certain of its
continuing operations, (ii) Registrant increased its reserve
related to the bankruptcy of its subsidiary, Madison Management Group,
Inc., and (iii) as reported in the Registrant's quarterly report on
Form 10-Q for the quarter and nine months ended September 30, 1993, a
substantial gain was recognized by the Registrant on the sale of a
portion of its holdings of the stock of Vigoro Industries, Inc. In
addition, during the five months ended December 31, 1993, Eagle
recognized losses from discontinued operations relating to three of
its subsidiaries.
GREAT AMERICAN MANAGEMENT AND INVESTMENT, 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
thereunto duly authorized.
Date: February 14, 1994 By: /s/ NORMAN FIELD
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Norman Field
Vice President and Treasurer
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