UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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 Period Ended: September 30, 1999
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/ /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 the Transition Period Ended:
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READ INSTRUCTION (ON BACK PAGE) 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.
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If the notification relates to a portion of the filing checked above,
identifythe Item(s) to which the notification relates:
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PART I -- REGISTRANT INFORMATION
VMIC, Inc.
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Full Name of Registrant
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Former Name if Applicable
12090 S. Memorial Parkway
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Address of Principal Executive Office (Street and Number)
Huntsville, Alabama 35803-3308
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City, State and Zip Code
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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 on Form 10-K will be filed on or /X/ before
the fifteenth 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, 20-F, 11-K, 10-Q,
N-SAR, or the transition report or portion thereof could not be filed within the
prescribed time period:
PricewaterhouseCoopers, the Registrant's auditors, is unable
to furnish its auditor's opinion on the Registrant's fiscal
year 1999 financial statements for inclusion in the
Registrant's annual report on Form 10-K by December 29, 1999,
because of unresolved issues relating to certain income tax benefits
of the Registrant
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PART IV -- OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification:
Carroll E. Williams (256) 880-0444
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(Name) (Area Code) (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 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
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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?
/ / Yes /X/ 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.
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VMIC, 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: December 29, 1999 By: CARROLL E. WILLIAMS
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Carroll E. Williams, President and
Chief Executive Officer
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EXHIBIT
[Letter head of PricewaterhouseCoopers]
Carroll E. Williams
President
VMIC, Inc.
12090 South Memorial Parkway
Huntsville, Alabama 35803
December 29, 1999
Dear Mr. Williams:
This will confirm that we are not yet able to provide our report on the
financial statements of VMIC, Inc. as of September 30, 1999, and for the year
ended, for inclusion in the Company's annual report of Form 10-K due to
unresolved issues relating to certain income tax benefits.
Sincerly
William T. Bishop, Jr.
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