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U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
SEC File Number 1-6549
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CUSIP Number 0294 291 07
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(Check One): [X] Form 10-K and [ ] Form 20-F [ ] Form 11-K [ ] Form 10-Q and [ ] Form N-SAR
Form 10-KSB Form 10-QSB
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For Period Ended: March 31, 1998
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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
Former Name if Applicable
American Science and Engineering, Inc.
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Address of Principal Executive Office (Street and Number)
829 Middlesex Turnpike
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City, State and Zip Code
Billerica, Massachusetts 01821
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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
[X] report on Form 10-K, Form 20-F, 11-K, 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
(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 time period.
(Attach Extra Sheets if Needed)
Since March 31, 1998, the close of the registrant's fiscal year, the
registrant's Vice President and General Counsel and the registrant's President
and Chief Executive Officer have been out of the country, primarily on business
matters for the registrant, for approximately nine weeks and three weeks,
respectively. The Vice President and General Counsel is primarily responsible
for the preparation of the Annual Report on Form 10-K. Since he has been away
for such an extended period, the registrant is unable, without unreasonable
effort and expense, to complete its Annual Report on Form 10-K within the 90 day
period following the end of the registrant's fiscal year.
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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
Steven R. London (617) 856-8313
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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). Yes [X] 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.
The registrant's financial results to be reported in the Form 10-K for the
fiscal year ended March 31, 1998 will reflect the registrant's publicly
reported improvement in its fiscal year 1998 financial performance compared
to fiscal year 1997. Specifically, revenues were higher by 15% over fiscal
year 1997 and operating profits were 33% higher. After tax results reflect
a one-time recognition of a $2.1 million tax credit in conformity with FASB
guidelines, which was a significant factor in the 142% improvement in
after-tax profits.
American Science and Engineering, 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
hereunto duly authorized.
Date: June 29, 1998 By /s/ Lee C. Steele
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Name: Lee C. Steele
Title: Vice President, Treasurer and
Chief Financial Officer
