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FORM 12B-25
NOTIFICATION OF LATE FILING
(Check one) :
[ X ] Form 10-K [ ] Form 20-F [ ]Form 11-K [ ] Form 10-Q [ ] Form N-SAR
For the Period Ended: June 25, 1999
[ ] Transition Report on Form 10-K
[ ] Transition Report on Form 20-K
[ ] Transition Report on Form 11-K
[ ] Transition Report on Form 10-Q
[ ] 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:
Part I - - Registrant Information
Full Name of Registrant: Mosler Inc.
Former Name if Applicable:
Address of Principal Executive Office (Street and Number):
8509 Berk Blvd.
City, State and Zip Code:
Hamilton, Ohio 45015
Part II - - Rules 12b-25 (b) and (c)
If the subject report could not be filed without unreasonable effort or expenses
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;
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(a) The subject annual report, semi-annual report, transition
report on Form 10-K, Form 20-K, 11-K or Form 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 Form 10-Q, or portion thereof
will be filed on or before the fifth calendar day following
the prescribe due date; and
(a) The accountant's statement or other exhibit required by Rule
12b-25 (c) has been attached if applicable.
Part II (c) Accountant's statement:
The issuance of our opinion on Mosler Inc.'s financial statements for the year
ended June 25, 1999 has been delayed until the amount due to the Internal
Revenue Service (IRS) under the Company's recent IRS settlement can be
determined and properly recorded in the aforementioned financial statements.
/s/Deloitte & Touche LLP
Part III - - Narrative
State below in reasonable detail the reasons why Form 10-K, 20-F, 11-K, 10-Q,
N-SAR, or the transition report or portion thereof could not be filed within the
prescribed period.
In September 1999, the Company settled certain outstanding tax matters with the
Internal Revenue Service (IRS) as more fully discussed in the Registrant's 1998
Form 10-K for the year ended June 27, 1998. In connection with this IRS
settlement, certain studies and estimates to determine the amount to be accrued
by the Company have not yet been finalized (primarily the calculation of the
interest component). Therefore, the Company seeks additional time to complete
and refine these studies. The Company fully expects to complete this study and
file within the extension period granted.
Part IV - - Other Information
(1) Name and telephone number of persons to contact in regard to
this notification
Thomas J. Bell (513) 870-1508
(Name) (Area Code) (Telephone Number)
(1) 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
not, identify report(s).
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(XX) Yes [ ] No
(1) Is it anticipated that any significant change in result 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 [XX] 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.
Mosler Inc.
(Name of Registrant as specified in charter)
has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized
Date September 24, 1999 By /S/Thomas J. Bell
INSTRUCTIONS: 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 file with the form.
ATTENTION
Intentional misstatements or omissions of fact constitute Federal
Criminal Violations (See 18 U.S.C. 1001).
