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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
Commission File Number 1-8815
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: December 31, 1999
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/ / 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 INSTRUCTION (ON BACK PAGE) 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.
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If the notification relates to a portion of the filing checked above, identify
the Item(s) to which the notification relates:
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PART I -- REGISTRANT INFORMATION
EQK Realty Investors I
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Full Name of Registrant
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Former Name if Applicable
2810 Spring Road, Suite 106
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Address of Principal Executive Office (Street and Number)
Atlanta, Georgia 30339
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City, State and Zip Code
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) 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,
/X/ 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.
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PART III -- NARRATIVE
State below in reasonable detail the reasons why Forms 10-K, 20-F, 11-K, 10-Q,
N-SAR, or the transition report or portion thereof, could not be filed within
the prescribed time period.
On December 14, 1999, EQK Realty Investors I (the "Company") filed a
voluntary petition for reorganization (the "Petition") with the United States
Bankruptcy Court for the Middle District of Pennsylvania (the "Bankruptcy
Court") under Chapter 11 of Title 11 of the United States Code. The Company
filed a Report on Form 8-K relating to the filing of the Petition on December
29, 1999 and is continuing to operate as a debtor-in-possession. No receiver,
fiscal agent or other similar officer has been appointed and no such appointment
is currently contemplated.
Immediately prior to the filing of the Petition, Lend Lease Portfolio
Management, Inc., which, together with its predecessor companies, served as the
Company's advisor since its inception, resigned from such position. On December
13, 1999, Gregory Greenfield & Associates, Ltd. assumed the role of advisor to
the Company until its resignation on January 18, 2000. Upon such resignation,
Newleaf Corporation became advisor to the Company and continues to serve in such
capacity.
The filing of the Petition was intended to enable the Company to
conduct business under protection of the Bankruptcy Court while it developed a
plan to continue to operate or dispose of its last remaining real estate asset,
the Harrisburg East Mall in Harrisburg, Pennsylvania. The Company's multiple
advisory changes, together with its ongoing efforts to (a) dispose of the
Harrisburg East Mall, (b) prepare a plan of reorganization, (c) conduct
negotiations with creditors with respect to proposed settlements and the use of
cash collateral and (d) comply with the financial and reporting requirements
imposed by the Bankruptcy Court, have left it unable to prepare the subject
Annual Report on Form 10-K and file the Form 10-K by its prescribed due date
without unreasonable effort or expense.
The Registrant will attempt to file the subject Annual Report on Form
10-K on or before the 15th calendar day following the prescribed due date for
such report or as soon thereafter as reasonably practicable.
(ATTACH EXTRA SHEETS IF NEEDED)
SEC 1344 (6/94)
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PART IV -- OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
Jason M. Shargel, Esquire (215) 977-2216
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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?
/ / 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.
EQK Realty Investors I
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(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, 2000 By: /s/ David H. Crumpton
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David H. Crumpton
Vice President
INSTRUCTION. The form may be signed by an executive officer of the
registrant or by any other duly authorized representative. The name and
title of the person signing the form shall be typed or printed beneath the
signature. If the statement is signed on behalf of the registrant by an
authorized representative (other than an executive officer), evidence of
the representative's authority to sign on behalf of the registrant shall be
filed with the form.
ATTENTION
Intentional misstatements or omissions of fact constitute Federal criminal
violations (SEE 18 U.S.C. 1001).
GENERAL INSTRUCTIONS
1. This form is required by Rule 12b-25 (17 CFR 240.12b-25) of the General
Rules and Regulations under the Securities Exchange Act of 1934.
2. One signed original and four conformed copies of this form and amendments
thereto must be completed and filed with the Securities and Exchange
Commission, Washington, D.C. 20549, in accordance with Rule O-3 of the
General Rules and Regulations under the Act. The information contained in
or filed with the form will be made a matter of public record in the
Commission files.
3. A manually signed copy of the form and amendments thereto shall be filed
with each national securities exchange on which any class of securities of
the registrant is registered.
4. Amendments to the notifications must also be filed on form 12b-25 but need
not restate information that has been correctly furnished. The form shall
be clearly identified as an amended notification.
5. ELECTRONIC FILERS. This form shall not be used by electronic filers unable
to timely file a report solely due to electronic difficulties. Filers unable
to submit a report within the time period prescribed due to difficulties in
electronic filing should comply with either Rule 201 or Rule 202 of
Regulation S-T (Section 232.201 or Section 232.202 of this chapter) or apply
for an adjustment in filing date pursuant to Rule 13(b) of Regulation S-T
(Section 232.13(b) of this chapter).
