U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
Notification of Late Filing
Commission File Number 0-11104
[X] Form 10-K and Form 10-KSB [ ] Form 20-F [ ] Form 11-K
[ ] Form 10-Q and Form 10-QSB [ ] Form N-SAR
For Period Ended: December 31, 1996
PART I
NOBLE ROMAN'S, INC.
(Name of issuer in its charter)
Indiana 35-1281154
(State or other jurisdiction (IRS Employer
of incorporation or organization) Identification No.)
One Virginia Avenue, Suite 800
Indianapolis, Indiana 46204
(Address of principal executive offices)
Issuer's telephone number:(317) 634-3377
Securities registered under Section 12(b) of the Act:None
Securities registered under Section 12(g) of the Act:Common Stock
PART II
Form 10-K cannot be filed without unreasonable effort or expense and the
registrant seeks relief pursuant to Rule 12b-25 as follows:
[ X ](a)For reasons described in Part III, Form 10-K for the fiscal year
ended December 31, 1996 cannot be timely filed without unreasonable effort
or expense, therefore, we are requesting a fifteen (15) day extension of time
to file such form.
[ X ](b)Form 10-K will be filed on or before the 15th day following its
current due date of March 31, 1997.
[ ](c)The accounting statement or other exhibit required by Rule 12b-25(c)
has been attached if applicable.
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PART III
As a result of the withdrawal from a significant acquisition attempt in 1996,
the Company incurred significant expenses and operating losses. This resulted
in requiring managements' time and focus to solve the operational issues and as
a result management has not had the time necessary to complete the Form 10-K
for the fiscal year ended December 31, 1996. The Form 10-K will be finished
promptly and will be filed on or before the 15th day after its due date.
PART IV
(1)Name and telephone number of person to contact in regard to this
modification: Paul W. Mobley, President, (317) 634-3377.
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(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?
[ 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 cannot be made.
The Company currently estimates a net loss of approximately $2 million for 1996
or $(.50) per share compared to a net loss for 1995 of approximately $200
thousand or $(.05) per share. Total revenue for 1996 was approximately $34.2
million compared to total revenue for 1995 of approximately $33.9 million.
The reason for the loss was primarily expenses associated with the withdrawn
acquisition attempt and the poor operations as a result of senior managements'
time being spent on the attempted acquisition.
Noble Roman's, Inc. has caused this notification to be signed on its behalf
by the undersigned thereunto duly authorized.
Date: March 31, 1997 By: /S/ Paul W. Mobley
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Paul W. Mobley, President
