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U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25 SEC File Number:
000-16072
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NOTIFICATION OF LATE FILING CUSIP Number:
243593-30-8
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(Check One): [ ] Form 10-K and Form 10-KSB [ ] Form 20-F
[ ] Form 11-K [X] Form 10-Q and Form 10-QSB [ ] Form N-SAR
For Period Ended: September 30, 2000
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[ ] Transition Report on Form 10-K or 10-KSB
[ ] Transition Report on Form 20-F
[ ] Transition Report on Form 11-K
[ ] Transition Report on Form 10-Q or 10-QSB
[ ] 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:
Part I -- Registrant Information
Full Name of Registrant: Decora Industries, Inc.
Address of Principal Executive Office (Street and Number)
1 Mill Street
City, State and Zip Code
Fort Edward, New York 12828
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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)
[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 or 10-KSB, Form 20-F, Form 11-K or 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 or transition report on Form 10-Q
or 10-QSB, 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, 10-KSB, 20-F,
11-K, 10-Q, 10-QSB, N-SAR, or the transition report or portion thereof could not
be filed within the prescribed time period.
(Attach Extra Sheets if Needed)
The Registrant has previously announced that it was unable to make an interest
payment due November 1, 2000 to holders of the Registrant's $112,750,000
principal amount of 11% senior secured notes due May 1, 2005 (the "Senior
Secured Notes"). As a consequence, the Registrant is seeking to negotiate a
restructuring of the Senior Secured Notes. The Registrant believes it
appropriate to report the results of these negotiations on its Form 10-Q. The
status of these negotiations has resulted in a delay in the preparation of the
Form 10-Q.
Part IV -- Other Information
(1) Name and telephone number of person to contact in regard to this
notification:
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Howard J. Unterberger (310) 556-1990
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(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.
Net loss for the three months ended September 30, 2000 is $7,931,000 ($1.01 per
share), compared to a net loss of $170,000 ($0.02 per share) for the same period
last year. Net loss for the six months ended September 30, 2000 is $11,518,000
($1.47 per share), compared to net income of $582,000 ($0.08 per share) for the
prior year period.
Decora Industries, Inc. has caused this notification to be signed on its behalf
by the undersigned thereunto duly authorized.
Date: Nov. 14, 2000 By: /s/ ROBERT HANLON, JR.
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Robert Hanlon, Jr.
Chief Financial Officer
ATTENTION
Intentional misstatements or omissions of fact constitute Federal Criminal
Violations (See 18 U.S.C. 1001).
