FORM 12b-25
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 12b-25
NOTIFICATION OF LATE FILING
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(Check One):
(X) Form 10-K ( ) Form 20-F ( ) Form 11-K ( ) Form 10-Q ( ) Form N-SAR
For the period ended December 29, 1996 Commission file number 1-6680
PART I - REGISTRANT INFORMATION
Kenwin Shops, Inc.
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(Full Name of Registrant)
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(Former Name if Applicable)
4900 Highlands Parkway
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(Address of Principal Executive Office)
Symrna, GA 30082
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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).
(a) The reasons described in reasonable detail in Part III of this
form could not be eliminated without unreasonable effort or
expense;
(b) The subject annual report, semi-annual report, transition
report on Form 10-K, Form 20-F, 11-K, Form N-SAR, or portion
[ X ] thereof, will be filed on or before the fifteenth calendar
day following the prescribed due date; or the subject
quarterly report of 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 staement or other exhibit required by Rule
12b-25(c) has been attached if applicable
Part III - NARRATIVE
As reported in Kenwin Shops, Inc.'s ("Company") filing on Form 8-K
dated December 5, 1996, the shareholders of the Company, at a special meeting
held November 21, 1996, among other things, acknowledged the resignation of
the Company's former Directors. The shareholders elected a new Board
including Richard Moskowitz, a long-time employee of the Company, as a
Director, and Donald Weiner was elected Chairman of the Board of Directors.
Upon conclusion of the meeting, the new Board of Directors elected as officers
of the Company Richard Moskowitz as President and Ken Sauer, another long-
term employee, as Secretary and Treasurer, and Donald Weiner as Chief
Executive Officer.
On December 3, 1996, Richard Moskowitz resigned as President. Kenneth Sauer
was appointed to serve as interim President and as a Director. Evelyn Kelly
was appointed Vice President.
In late January, two weeks prior to the start of the Company's annual audit,
Kenneth Sauer resigned from the Company. In addition to his duties as interim
President, he was the Company's Chief Accounting and Financial Officer and
prepared the Company's required filings with the Commission.
Donald Weiner has assumed Kenneth Sauer's responsibilities as President.
Richard Pedone, who was not employed previously by the Company, has been
named interim Chief Financial Officer. He is currently employed by D & A
Funding, a related party, as Controller.
Most of the preparation for the annual audit was not completed prior to Kenneth
Sauer leaving the Company. The Company cannot file the annual report on
Form 10-K on a timely basis (due March 31, 1997) without unreasonable effort
and expense. The Company believes that the report can be completed by April
14, 1997.
PART IV - OTHER INFORMATION
1. Person to contact in regard to this Notification:
Richard Pedone 516 249-3344
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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.
( ) Yes (X) No
KENWIN SHOPS, INC.
has caused this Notification to be signed on its behalf by the undersigned
thereunto duly authorized.
DATE: 3/27/97 BY: /s/ Donald Weiner
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Donald Weiner
President and
Chief Executive Officer
DATE: 3/27/97 /s/ Richard Pedone
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Richard Pedone
Principal Financial Officer
