FAMOUS HOST LODGING V LP
NT 10-K, 1999-03-31
HOTELS & MOTELS
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                     U.S. 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 [ ] Form N-SAR
     For Period Ended: _____________________________________________________
     [ ] 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:.................................................................
     -----------------------------------------------------------------------

           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
     -----------------------------------------------------------------------

                         Famous Host Lodging V, L.P.
                         ---------------------------
                          Full Name of Registrant

                                2030 J Street
                             Sacramento, CA 95814
                          -------------------------
           Address of pricipal Executive Office (Street and Number)
           
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     Part II - Rules 12b-25 (b) and (c)
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     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)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,  Form  20-F,  11-K or Form  N-SAR,  or
            portion  thereof  will be filed on or  before  the  fifteen
            calendar day  following  the  prescribed  due date;  or the
            subject  quarterly  report on Form 10-Q, or portion thereof
            will be filed on or before the fifth calendar day following
            due date; and

         (c)The  accountant's  statement or other  exhibit  required by
            Rule 12b-25(c) has been attached if applicable.




<PAGE>



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

     The Partnership could not file Form 10-K within the prescribed time
     period due to unusual circumstances.  The Partnership is managed by an
     association of five limited partnerships, four of which are in the
     process of dissolving, and the fifth, the subject partnership, is
     expected to dissolve in the near future.  In addition, the subject
     partnership is involved in litigation, (one of the reasons the
     partnership has not yet dissolved) which has pulled already strained
     resources away from preparation of Form 10-K.
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     Part IV - Other Information
     -----------------------------------------------------------------------
         (1) Name and telephone number to contact in regard to this
         notification:

             Philip B. Grotewohl           (916)         442-9183
                 (Name)                 (Area Code)  (Telephone Number)

         (2) Have all other periodic  reports required under section 13
         or 15(d) of the  Securites and 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?

                                                      [ ] Yes    [X] 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.

                           Famous Host Lodging V, L.P.
                  (Name of Registrant as specified in charter)
         Has caused this notification to be signed on its behalf by the
         undersigned thereunto duly authorized 

             Date:  March 30, 1999        By: // Philip B. Grotewohl
                                          ----------------------------
                                          Philip B. Grotewohl,
                                          Chairman of Grotewohl Management
                                          Services, Inc.,
                                          General Partner



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