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U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
(Check One):
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<S> <C> <C> <C>
[ ] Form 10-K and Form 10-KSB [ ] Form 20-F [ ] Form 11-K [X] Form 10-Q and Form 10-QSB
[ ] Form N-SAR
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For Period Ended: ............................................
[ ] 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: .............................
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
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GTI CORPORATION
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Full Name of Registrant
Former Name if Applicable
9715 Business Park Avenue
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Address of Principal Executive Office (Street and Number)
San Diego, California 92131
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City, State and Zip Code
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Part II - Rules 12b-25 (b) and (c)
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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)
[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, Form 20-F, 11-K or 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.
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Part III - Narrative
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State below in reasonable detail the reasons why Form 10-K and Form 10-KSB,
20-F, 11-K, 10-Q and Form 10-QSB, N-SAR, or the transition report or portion
thereof could not be filed within the prescribed period.
In the quarter ended March 28, 1998, the Registrant committed to a plan to close
one of its factories in Asia. In April and May 1998, the Registrant completed
the closure of said factory. The Registrant has not yet calculated the total
financial impact of this factory closure by the filing due date of the Quarterly
Report on Form 10-Q.
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Part IV -- Other Information
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(1) Name and telephone number of person to contact in regard to this
notification
Bruce C. Myers, CFO Tel. (619) 537-2506
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(Name) (Area Code) (Telephone Number)
(2) Have all other periodic reports required under 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.
For the quarters ended March 28, 1998 and March 29, 1997, the Registrant
recorded revenues of $14.0 million and $22.4 million, respectively. Excluding 1)
the as-yet-to-be-determined costs associated with the closure of a plant in Asia
and 2) the cumulative effect of change in accounting principle, in the quarters
ended March 28, 1998 and March 29, 1997, the Registrant recorded a net loss of
$3.3 million and net income of $.2 million, respectively.
GTI 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.
May 12, 1998 /s/ Bruce C. Myers, CFO
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Date By
