UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
[X] Form 10-K [ ] Form 20-F [ ] Form 11-K [ ] Form 10-Q
For Period Ended: December 31, 1995.......................SEC FILE NUMBER I-9418
CUSIP NUMBERS 138219407
[X] 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 Period Ended: December 31, 1995
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: Entire Form 10-K
Part I - Registrant Information
Full Name of Registrant The Canton Industrial Corporation
Former Name if Applicable N/A
Address of Principal Executive Office:
268 West 400 South
Salt Lake City, Utah 84101
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;
[X] (b) The subject annual report, semi-annual report, transition
report on From 10-K, Form 2-F, 11-F, or From 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 From 10-Q, or portion thereof will be
filed on or before the fifth calendar day following the prescribed
due date; and
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(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 or N-SAR or portion thereof could not be filed within the prescribed time
period.
At the end of the fourth quarter of 1995, Smith & Co., the Company's
certifying accountant resigned. The Company then engaged Andersen,
Andersen & Strong as its new certifying accountant. Because Andersen,
Andersen & Strong did not have the opportunity to review the Company's
accounting records prior to year end, all audit work had to be
performed during the first quarter of 1996. This has taken additional
time and is the reason for the delay in completion of the audit for
December 31, 1995. The Company is working with Andersen, Andersen &
Strong to complete the audit required by the Form 10-KSB.
Part IV - Other Information
(1) Name and telephone number of person to contact in regard to this
notification.
Steven A. Christensen President (801) 575-8073
(Name) (Title) (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 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 narrative
and quantitatively, and, if appropriate, state the reasons why a
reasonable estimate of the results cannot be made - Corporate offices
and management changes.
The Canton Industrial 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: March 30, 1996 By: /s/ Steven A. Christensen
Name: Steven A. Christensen
Title: President
