HADSON CORP
NTN 11K, 1994-06-30
NATURAL GAS TRANSMISSION
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<PAGE>   1
          _________________________________________________________
                                                                   
                UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                  FORM 12B-25

                          NOTIFICATION OF LATE FILING

                                                   COMMISSION FILE NUMBER 1-9891

<TABLE>
<S>             <C>                                                  <C>
(Check one):    ( ) Form 10-K and Form 10-KSB       (X) Form 11-K
                ( ) Form 20-F    ( ) Form 10-Q and Form 10-QSB       Form N-SAR
</TABLE>

      For Period Ended December 31, 1993



                                     PART I
                             REGISTRANT INFORMATION


                               HADSON CORPORATION
             (Exact name of registrant as specified in its charter)


<TABLE>
<S>                                                      <C>                   
                   DELAWARE                                             31-0679954                                 
        (State or other jurisdiction of                  (I.R.S. Employer Identification Number)                   
        incorporation or organization)                                                                             
                                                                                                                   
                                                                                                                   
2777 STEMMONS FREEWAY, SUITE 700, DALLAS, TEXAS                         75356-9550                                 
   (Address of principal executive offices)                             (Zip Code)                                 
</TABLE>                                                       


       Registrant's telephone number, including area code: (214) 640-6800

          _________________________________________________________
<PAGE>   2
                                    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.)

         (   ) (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 Forms 10-K, 10-KSB, 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, 10-QSB, 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

As a result of Hadson Corporation's recent corporate relocation, delays were
encountered in gathering the necessary support for the financial statements of
the Employee 401(k) Savings Plan.  The necessary information has now been
gathered, and Hadson Corporation respectfully requests a 15-day extension of
the deadline for filing Form 11-K.



                                    PART IV
                               OTHER INFORMATION

         (1)     Name and telephone number of person to contact in regard to
this notification.

<TABLE>
<S>                                                                <C>                  <C>
Henry H. Moomaw, III                                                  (214)                       640-6800
- - ----------------------------------------------------------------------------------------------------------
   (Name)                                                          (Area Code)          (Telephone Number)
</TABLE>

         (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 latest 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 applicable, state the reasons why a reasonable estimate
of the results cannot be made.

<PAGE>   3
                               HADSON CORPORATION
             (Exact name of registrant as specified in its charter)


         Has caused this notification to be signed on its behalf by the
undersigned thereunto duly authorized.

Date: June 30, 1994                               By: /s/ ROBERT P. CAPPS
                                                      Robert P. Capps        
                       


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