U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
FOR FORM 10-Q
For Period Ending Commission File No. 0-13829
September 30, 1996 CUSIP No. 740330 10 5
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 a filing above,
identify the Item(s) to which the notification relates:
PART I - REGISTRANT INFORMATION
PRECISION STANDARD, INC.
(Full Name of Registrant)
1225 17th Street, Suite 1800
Denver, Colorado 80202
(Address of Principal Executive Office)
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 portions thereof, will be filed on or
X before the fifteenth 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 the 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.
As previously announced, the Company recently amended its
contract with its largest customer and has received substantial
payments therefrom. Such amendment and payments have in turn led
to the negotiation of amendments to the Company's credit and
related agreements with its principal lender. While these
amendments must be referenced in the subject report, the
documentation of the amendments has not yet been completed.
PART IV - Other Information
(1) Name and telephone number of person to contact in regard to
this notification.
Walter M. Moede (303) 292-6565
(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 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 answer is no, identify report(s).
X Yes No
(3) Is it anticipated that any significant change in results of
operation 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
The Company expects to report better results for the quarter
and the nine months than the corresponding period a year ago, as a
result of the contract amendment mentioned above in PART III.
Precision Standard, Inc.
(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the
undersigned hereunto duly authorized.
Date: 14 November 1996 By: /s/Walter M. Moede
Walter M. Moede
Executive Vice President
(Principal Financial Officer)
