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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
(Check One): X Form 10-K Form 20-F Form 11-K Form 10-Q
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Form N-SAR
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For Period Ended: December 31, 1998
[ ] 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:
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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: Portions of Item 1 and Items 6,
7 and 8.
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PART I - REGISTRANT INFORMATION
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Full Name of Registrant
AXIOHM TRANSACTION SOLUTIONS, INC.
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Former Name if Applicable
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Address of Principal Executive Office (Street and Number)
15070 AVENUE OF SCIENCE
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City, State and Zip Code
SAN DIEGO, CA 92128
PART II - RULES 12b-25(b) AND
If the subject report could not be filed without reasonable effort or expense
and the registrant seeks relief pursuant to Rule 12-b-25(b), the following
should be completed. (Check box if appropriate)
[XX] (a) The reasons described in reasonable detail in Part III of this form
could not be eliminated without reasonable effort or expense;
[XX] (b) The subject annual report, semi-annual report, transition report on
Form 10-K, Form 20-F, 11-K, 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 of 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 the Form 10-K, 11-K, 10-Q,
N-SAR, or the transition report or portion thereof, could not be filed within
the prescribed time period. (Attach Extra Sheets if Needed)
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On August 21, 1997, an acquisition subsidiary of Axiohm S.A., a French
corporation, completed a tender offer to acquire 7 million (or 87.6%) of the
outstanding shares of DH Technology, Inc. ("DH") Subsequently, the acquisition
subsidiary (i) acquired all of the outstanding shares of Axiohm S.A. in exchange
for 5,518,524 shares of DH Common Stock and $12.2 million in cash and then (ii)
was merged into DH. Although DH was the surviving corporation for legal
purposes, the merger was treated as a purchase of DH by Axiohm S.A. for
accounting purposes. The effective date of the merger was October 2, 1997;
however, for accounting purposes, the effective date of the acquisition was
August 31, 1997. Upon the closing of the merger, Axiohm S.A. became a
wholly-owned subsidiary of the Company and the Company changed its name from
DH Technology, Inc. to Axiohm Transaction Solutions, Inc.
The Company could not file the Form 10-K for the year ended December 31,
1997 within the prescribed period because of the additional time needed to
complete financial reporting for the new combined entity.
PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
Walter S. Sobon (619) 451-3485
(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 answer is
no, identify report(s). xx Yes No
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(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? xx 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.
The financial results of the Company for the year ended December 31, 1997
will be significantly different than the comparable periods in the prior year
due to the business combination of DH and Axiohm S.A.
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AXIOHM TRANSACTION SOLUTIONS, INC.
(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned
hereunto duly authorized.
Date: March 31, 1998 By: /s/ Walter S. Sobon
Walter S. Sobon
Chief Financial Officer
