SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
Commission File Number: 1-7633
CUSIP Number: 428399-10-9
(Check One): [ ]Form 10-K [ ]Form 20-F [ ]Form 11-K
[X]Form 10-Q [ ]Form N-SAR
For Period Ended: for the quarterly period ended February 23, 1996
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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: __________________________________
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: ____
PART I - REGISTRANT INFORMATION
Hi-Shear Industries Inc.
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Full Name of Registrant
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Former Name if Applicable
3333 New Hyde Park Road
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Address of Principal Executive Office (Street and Number)
North Hills, NY 11042
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City, State and Zip Code
PART II - RULES 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.)
[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, 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
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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 the Form
10-K, 20-F, 11-K, 10-Q, N-SAR, or the transition report or
portion thereof could not be filed within the prescribed
time period.
The Company is unable to file its report on Form 10-Q
for the quarter ended February 23, 1996 within the
prescribed time period due to a delay in finalizing the
financial statements of certain of its subsidiaries which
were sold to GFI Industries S.A. on February 26, 1996.
PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to
this notification:
Victor J. Galgano (516) 627-8600
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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 reports 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?
[ ]Yes [X]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.
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Hi-Shear Industries 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: 4/08/96 By /s/ Victor J. Galgano
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Name: Victor J. Galgano
Title: Vice President & Chief Financial Officer
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