SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC.
FORM 12b-25
Commission File Number: 0-14394
NOTIFICATION OF LATE FILING
(Check One): [X] Form 10-K [ ] Form 11-K [ ] Form 20-F [ ]Form 10-Q [ ] Form
N-SAR
For Period Ended: February 25, 1996
[ ]Transition Report on Form 10-K [ ] Transition Report on Form 10-Q
[ ]Transition Report on Form 20-K [ ] Transition Report on Form N-SAR
[ ]Transition Report on Form 11-K
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:
Part I. Registrant Information
Full name of registrant: Town & Country Corporation
Former name (if applicable):
Address of principal executive office (Street and number): 25 Union Street
City, State and Zip Code: Chelsea, Massachusetts 02150
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 Form
10-K, 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, 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 Form 10-K, 11-K, 20-F, 10-Q,
N-SAR or the transition report portion thereof could not be filed within the
prescribed time period. (Attach extra sheets if needed.)
Town & Country Corporation (the "Company") is unable to meet its filing date for
the Form 10-K for the year ended February 25, 1996 without unreasonable effort
or expense. The Company has requested further advice from its accountants, legal
counsel and unrelated third parties regarding certain matters which impact the
Company's Form 10-K and financial disclosure to be included therein. As such,
the Company is requesting an extension on this Form 12b-25. The Company intends
to file the Form 10-K within the time period specified by Rule 12b-25 of the
Securities Exchange Act of 1934, as amended.
Part IV. Other Information
(1) Name and telephone number of person to contact in regard to this
notification:
Francis X. Correra, (617) 884-8500
(2) Have all other periodic reports required under Section 13 or 14(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.
The Company currently anticipates that its income from operations will be
approximately $11.5 million for the year ended February 25, 1996 as compared
with a loss from operations of $2.8 million for the year ended February 26,
1995. The Company also currently anticipates that it will have a net loss of
approximately $1.9 million for the year ended February 25, 1996 as compared with
the net income of $571,918 for the year ended February 26, 1995.TOWN & COUNTRY
CORPORATION (Name of registrant as specified in charter)
Has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized:
Date: May 24, 1996 By: _/s/ Francis X. Correra__
Francis X. Correra
Senior Vice President and
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 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).
