SEC FILE NUMBER
FORM 12B-25 U.S. SECURITIES AND EXCHANGE COMMISSION CUSIP NUMBER
WASHINGTON, D.C. 20549
NOTIFICATION OF LATE FILING
(Check One)
|X| Form 10-K |_| Form 11-K |_| Form 20-F |_| Form 10-Q
For Period Ended: 12-31-96
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
Full Name of Registrant
North Atlantic Technologies, Inc.
Former Name if Applicable
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Address of Principal Executive Office (Street and Number)
City, State and Zip Code
PART II - RULES 12B-25 (B) AND (C)
[X] 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 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.
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.
The financial report from the accountants was not received in a timely
manner. The original diskette received could not be read.
(Attach Extra Sheets if Needed)
PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
SUSAN M. HEINBOCKEL (612) 888-8553
(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 months (or for such shorter period X YES __ NO
that the registrant was required to file 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?
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 can not be made.
Revenues from 1995 to 1996 increased $1,937,036 and operating
costs decreased from 1995 to 1996 by $466,562 resulting in a
decrease in the operating loss of $1,556,653 from 1995 to 1996.
(NAME OF REGISTRANT AS SPECIFIED IN CHARTER)
has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.
Date 3/31/97 By /s/ Allen R. Karson
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Allen R. Karson
Chief Executive Officer (Principal
Executive Officer) and
Chief Financial Officer (Principal
Financial Officer and Principal
Accounting Officer)
ATTENTION
Intentional misstatements or omissions of fact constitute Federal Criminal
Violations (See 18 U.S.C. 1001)
