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U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING SEC FILE NUMBER
000-7264
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(Check One): CUSIP NUMBER
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[ ] Form 10-K and Form 10-KSB [ ] Form 20-F
[ ] Form 11-K
[ x] Form 10-Q and Form 10-QSB [ ] Form N-SAR
For Period Ended: October 28, 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.
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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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Full Name of Registrant
Paul Harris Stores, Inc.
Former Name if Applicable
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Address of Principal Executive Office (Street and Number)
6003 Guion Road
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City, State and Zip Code
Indianapolis, Indiana 46254
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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) [P. 23,047], 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 [Amended in Release No. 34-26589 (P. 72,435), effective April 12,
1989, 54 F.R. 10306.]
[ ] (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. [Amended in Release No.
34-26589 (P. 72,439), effective August 13, 1992, 57 F.R. 36442.]
(Attach Extra Sheets if Needed)
The Company filed a voluntary petition pursuant to provisions of Chapter 11 of
United States Bankruptcy Code on October 16, 2000. As a result of that filing,
the Company has incurred significant additional workload associated with
requirements of the
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Bankruptcy Court, lending institutions, creditors, and other interested parties.
This includes significant efforts required to complete the "Statements of
Financial Affairs" and associated schedules for the Court.
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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
Richard Hettlinger 317 298-6513
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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.
For the thirteen weeks ended October 28, 2000 the Company expects to report a
Net Loss of approximately $22.2 million compared to a net loss of $1.0 million
for the thirteen week period ended October 30, 1999. The increased loss was due
to (a) the impact of price discounting on excess end-of-season inventories, (b)
decrease in both apparel and accessory sales, (c) write-down of the recorded
value of J. Peterman inventories to estimated fair market value, (d) expenses
for estimated rejected lease claims on nine stores closed as of the end of the
quarter, (e) estimated write-off of leasehold improvements related to those nine
stores, (f) increase in interest expense due to increased borrowings and (g) the
impact of a full valuation allowance on income tax expense.
PAUL HARRIS STORES, 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 December 13, 2000 By:/s/ Richard Hettlinger
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Richard Hettlinger
(Principal Financial Officer)
INSTRUCTION: The form may be signed by an executive officer of the registrant or
by any other duly authorized representative. The name and title of the person
signing the form shall be typed or printed beneath the signature. If the
statement is signed on behalf of the registrant by an authorized representative
(other than an executive officer), evidence of the representative's authority to
sign on behalf of the registrant shall be filed with the form.
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