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U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
Commission File Number 0-14203
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NOTIFICATION OF LATE FILING
(Check One):
x Form 10-K
-
Form 20-F
-
Form 11-K
-
Form 10-Q
-
Form N-SAR
For Period Ended: February 29, 2000
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:
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.
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 Meridian National Corporation
Former Name if Applicable N/A
Address of Principal Executive Office (Street and Number) City, State and
Zip Code
805 Chicago Street
Toledo, Ohio 43611
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)
x (a) The reasons described in reasonable detail in Part III of this form could
- not be eliminated without unreasonable effort or expense;
x (b) The subject annual report, semi-annual report, transition report on Form
- 10-K, Form 20-F, 11-K or 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
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(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 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 period. (Attach Extra Sheets
if Needed)
Form 10-K for the year ended February 29, 2000 will not be filed within the
prescribed time period as a result of the heavy workload experienced by the
Registrant's accounting and reporting department. Modifications to the
Registrant's computer and network systems and other projects, along with
the normal recurring year-end closing schedule has caused a delay in the
completion of the Annual Report on Form 10-K.
Part IV--Other Information
(1) Name and telephone number of person to contact in regard to this
notification
James L. Rosino
Vice President - Finance
(419) 729-3918
(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
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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.
Net loss for the year ended February 29, 2000 was $1,059,000, or $.20
per share, compared to net loss of $5,534,000, or $1.54 per share, for
the previous fiscal year. Net sales for the year ended February 29,
2000 amounted to $42.5 million compared to $49.3 million for the prior
fiscal year, a decrease of 13.7 %.
Meridian National Corporation has caused this notification to be signed on
its behalf by the undersigned thereunto duly authorized.
Meridian National Corporation
By: /s/James L. Rosino
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James L. Rosino
Vice President - Finance
Date: May 30, 2000
