SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 12b-25
Commission File Number 0-10491
NOTIFICATION OF LATE FILING
[ X ] Form 10-K [ ] Form 11-K [ ] Form
20-F [ ] Form 10-Q
For Period Ended: January 28, 1995
[ ] 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:
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 related:
Part I. Registrant Information
Full Name of Registrant Merry-Go-Round Enterprises,
Inc.
Former Name if Applicable N/A
Address of principal executive office (Street and Number)
3300 Fashion Way
City, State and Zip Code
Joppa, Maryland 21085
<PAGE>
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 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;
[ X ] (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, 20-F, 11-K, 10-Q, N-SAR, or the transition report or
portion thereof could not be filed within the prescribed
period.
The management and Board of Directors of the Registrant
have been occupied with numerous issues arising from the
status of the Registrant and certain of its subsidiaries as
companies which are operating as debtors-in-possession under
Chapter 11 of the United States Bankruptcy Code, including
factor and vendor relations, discussions with Official
Committees and other parties-in-interests in connection with
the Chapter 11 cases and operational issues. On April 21,
1995, the Registrant announced that it anticipates a delay
in the confirmation of its plan of reorganization which was
filed in February 1995 beyond the originally contemplated
target date of June 30, 1995. Because of the demands of the
current circumstances, the Registrant was unable without
unreasonable effort or expense to complete its Annual Report
on Form 10-K within 90 days after the end of the fiscal year
ended January 28, 1995. The Registrant intends to file its
Annual Report on Form 10-K as soon as possible, but in any
event not later than Monday, May 15, 1995.
<PAGE>
Part IV. Other Information
(1) Name and number of person to contact in regard to
this notification.
Isaac Kaufman (410) 538-1000
(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).
[ 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.
As previously announced, the Registrant anticipates
that the income statement to be contained in the Annual
Report on Form 10-K will reflect a net loss for the fiscal
year ended January 28, 1995 ("fiscal 1995") of approximately
$186.3 million, or $3.45 net loss per share, as compared to
a net loss for the fiscal year ended January 29, 1994 of
$45.6 million, or $.85 net loss per share. Included in the
net loss for fiscal 1995 were reorganization costs of $116.5
million, which related primarily to asset write-offs, lease
rejection claims, professional fees and other costs
associated with the reorganization of the Registrant under
Chapter 11 of the U.S. Bankruptcy Code.
<PAGE>
Merry-Go-Round Enterprises, Inc.
(Name of Registrant as specified in charter)
Has caused this notification to be signed on its behalf by
the undersigned thereunto duly authorized.
Date May 1, 1995 By: /s/ Isaac
Kaufman
Name: Isaac Kaufman
Title: Executive Vice
President,
Secretary and
Treasurerr
BA0DOCS1/0016782.01
