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Washington, DC 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
Commission File Number 0-14328
(Check one): / /Form 10-K and Form 10-KSB / /Form 11-K
/ /Form 20-F /X/ Form 10-Q and Form 10-QSB / / Form N-SAR
For period ended DECEMBER 31, 1999
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/ / Transition Report on Form 10-K and Form 10-KSB
/ / Transition Report on Form 20-F
/ / Transition Report on Form 11-K
/ / Transition Report on Form 10-Q and Form 10-QSB
/ / Transition Report on Form N-SAR
For the transition period ended
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:
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PART I
REGISTRANT INFORMATION
Full name of registrant ZING TECHNOLOGIES, INC.
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Former name if applicable
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115 STEVENS AVENUE
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Address of principal executive office (STREET AND NUMBER)
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City, State and Zip Code VALHALLA, NY 10595
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PART II
RULE 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 appropriate box.)
/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
Forms 10-K, 10- KSB, 20-F, 11-K or Form N-SAR, or portion thereof will be filed
on or before the 15th calendar day following the prescribed due date; or the
subject quarterly report or transition report on Form 10-Q, 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 Forms 10-K, 10-KSB, 11-K, 20-F,
10-Q, 10-QSB, N-SAR or the transition report portion thereof could not be filed
within the prescribed time period. (Attach extra sheets if needed.)
The financial personnel of the registrant have been substantially engaged in
matters antecedent to the tender offer which was commenced by International
Rectifier Corporation on February 7, 2000, and the merger agreement entered into
between registrant and International Rectifier on January 27, 2000 and was thus
unable to complete the financial analysis necessary to file the quarterly
report.
PART IV
OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification.
DAVID LERNER 212-735-8609
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(Name) (Area Code) (Telephone Number)
(2) Have all other periodic reports required under Section 13 or 15(d) or 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
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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?
/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.
Registrant expects to report an increase in sales revenue for the three month
period ended December 31, 1999 of $300,000, and an increase in net after-tax
income of $2.5 million over the comparable fiscal year 1999 three month period.
The increase in net income was due to an additional $4 million in realized gains
on the sale of portfolio securities.
For the six month period ended December 31, 1999, registrant expects to report
an increase in revenues of $400,000, and an increase in net after-tax income of
$3.2 million, due principally to an increase in realized gains on portfolio
securities from $400,000 in the period ended December 31, 1998 to $4.4 million
in the period ended December 31, 1999.
ZING TECHNOLOGIES, INC.
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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 FEBRUARY 14, 2000 By /s/ Martin S. Fawer
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Name: Martin S. Fawer
Title: Chief Financial Officer
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).
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