SEC FILE NUMBER
0-6664
FORM 12b-25 U.S. SECURITIES AND EXCHANGE COMMISSION CUSIP NUMBER
WASHINGTON, D.C. 20549 482724200
NOTIFICATION OF LATE FILING
(Check One)
___X___ From 10-K ______ Form 11-K ______ Form 20-F ______ Form 10-Q
For Period Ended: June 30, 1997
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
K-tel International, Inc.
Former Name If Applicable
________________________________________________________________________________
Address of Principal Executive Office (Street and Number)
2605 Fernbrook Lane North
________________________________________________________________________________
City, State and Zip Code
Minneapolis, Minnesota 55447-4736
________________________________________________________________________________
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)
(a) The reasons described in reasonable detail in Part III on this
form could not be eliminated without unreasonable effort or
___ expense;
| |
| X | (b) The Subject annual report/portion thereof will be filed on or
|___| before the fifteenth calendar day following the prescribed due
date; or the subject quarterly report/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.
<PAGE>
________________________________________________________________________________
PART III - NARRATIVE
________________________________________________________________________________
State below in reasonable detail the reasons why the Form 10-K, 20-F or
10-Q, or portion thereof, could not be filed within the prescribed time
period.
Financial information from material foreign subsidiaries for the year
ended June 30, 1997 were not received in sufficient time to consolidate
the financial results of the Company and file the 10-K by the
prescribed date.
(Attached Extra Sheets if Needed)
________________________________________________________________________________
PART IV - OTHER INFORMATION
________________________________________________________________________________
(1) Name and telephone number of person to contact in regard to
this notification
Mark Dixon 612 559-6820
-------------- ---------- ------------------
(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) during the preceding 12 __X__ YES _____ NO
months (or for such shorter period
that the registrant was required
to files such reports) been filed?
If answer is no, identify report(s)
________________________________________________________________________________
(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?
If so, attach an explanation of the __X__ YES _____ NO
anticipated change, both narratively
and quantitatively, and, if appropriate,
state the reasons why a reasonable
estimate of the results can not be made.
- --------------------------------------------------------------------------------
K-tel International, Inc.
(NAME OF REGISTRANT AS SPECIFIED IN CHARTER)
has caused this notification to be signed on its behalf by the
undersigned thereunto duly authorized.
Date September 29, 1997 By /s/ Mark Dixon
----------------------------- --------------
ATTENTION
Intentional misstatements or omissions of fact constitute
Federal Criminal Violations (See 18 U.S.C. 1001)
