SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 12b-25
Commission File Number 0-11902
NOTIFICATION OF LATE FILING
(Check One): [ ] Form 10-K [ ] Form 11-K [ ] Form 20-F
[ X ] Form 10-Q [ ] Form N-SAR
For Period Ended: June 30, 1994
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[ ] Transition Report on Form 10-K [ ] Transition Report on
Form 10-Q
[ ] Transition Report on Form 20-F [ ] Transition Report on
Form N-SAR
[ ] Transition Report on Form 11-K
For the Transition Period Ended: N/A
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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.
If the notification relates to a portion of the filing checked
above, identify the Item(s) to which the notification relates: N/A
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Part I. Registrant Information
Full name of registrant GIBSON GREETINGS, INC.
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Former name if applicable
N/A
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Address of principal executive office (Street and number)
2100 Section Road
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City, State and Zip Code Cincinnati, Ohio 45237
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Part II. Rule 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 appropriate
box.)
[X] (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, 20-F, 11-K or Form N-SAR, or portion
thereof will be filed on or before the 15th 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.
Part III. Narrative
State below in reasonable detail the reasons why Form 10-K,
11-K, 20-F, 10-Q, N-SAR or the transition report portion thereof
could not be filed within the prescribed time period. (Attach
extra sheets if needed.)
As previously announced, the registrant is currently in the
midst of a restatement of its results for prior reporting periods.
In this regard, the registrant has asked for a more complete
valuation of its derivative transactions. Results for the three
months and six months ended June 30, 1994 cannot be finalized until
this valuation is completed. This will occur subsequent to the
August 15 filing deadline for the registrant's Report on Form 10-Q
for the period ended June 30, 1994.
The registrant expects to release both its June 30, 1994
results and its restated results for prior periods and to file its
Report on Form 10-Q for the period ended June 30, 1994 later this
month.
Part IV. Other Information
(1) Name and telephone number of person to contact in regard
to this notification
William L. Flaherty (513) 841-6675
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Vice President-Finance and Chief (Area Code) (Telephone number)
Financial Officer
(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
In relation to the July 1, 1994 press release regarding an
inventory overstatement at the registrant's Cleo Inc. subsidiary,
the registrant has taken further corrective actions relative to
Cleo's inventory which will be reflected in the second quarter of
1994. Additionally, the registrant's operating results were
adversely impacted by previously disclosed derivative losses and
lower earnings at the registrant's Greeting Card Division. Largely
as a result of the foregoing, the registrant will report a loss for
the three months and six months ended June 30, 1994.
GIBSON GREETINGS, 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 thereunto duly authorized.
Date: 8/15/94 By: /s/ William L. Flaherty
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Vice President-Finance and Chief
Financial Officer
