PERFORMANCE INDUSTRIES INC/OH/
NT 10-K, 1997-04-01
EATING PLACES
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FORM 12b-25         U.S. SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549
                                                                 SEC FILE NUMBER
                                                                     0-11331
                           NOTIFICATION OF LATE FILING
                                    (Check One)                    CUSIP NUMBER
                                                                    713 75T 203

 x  Form 10-K      Form 11-K      Form 20-F      Form 10-Q      Form      N-SAR
- ---            ---            ---            ---            ---       ---

                           For Period Ended:  12-31-97
                                             -----------------------------------
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Part I - Registrant Information
- --------------------------------------------------------------------------------
Full Name of Registrant:  Performance Industries, Inc.

Former Name if Applicable
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Address of Principle Executive Office (Street and Number)
         2425 E. Camelback Plaza,  Suite 620

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City, State and Zip Code:
         Phoenix, AZ  85016

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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)

         (a)   Thereasons  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 or semi-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.

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Part III - Narrative
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         State below in reasonable  detail the reasons why the Form 10-K,  11-K,
20-F, 10-Q or N-SAR or portion thereof, could not be filed within the prescribed
time period.

The  auditors  will not be able to  complete  the audit by the time  required to
complete  the  managements  discussion  and  analysis  for timely  filing of the
report.  The only alternative would be to pay for additional help at an increase
cost to the company.
- --------------------------------------------------------------------------------
<PAGE>
Part IV - Other Information
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         (1)      Name and  telephone  number of person to  contact in regard to
                  this information

                  Robert A. Cassalia         602                   912-0100
                  -------------------------------------------------------------
                          (Name)          (ARFA Code)         (Telephone Number)
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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  reports)  been filed?  If 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?

                  If so, attach an explanation of the anticipated  change,  both
                  narratively and quantitatively, and, if appropriate, state the
                  reasons the reasons why a  reasonable  estimate of the results
                  can not be made.

                                                            YES     x    NO
- --------------------------------------------------------------------------------
                  Performance Industries, 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  3-31-97                               By  /s/ Robert A. Cassalia
     --------------------------------          ---------------------------------


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