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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12B-25
NOTIFICATION OF LATE FILING
SEC FILE NUMBER: 1-9474 CUSIP NUMBER: 346592405
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(CHECK ONE):
/X/Form 10-K and Form 10-KSB / /Form 20-F / /Form 11-K / /Form 10-Q
and Form 10-QSB / /Form N-SAR
For Period Ended: October 29, 1995
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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:___________________________________
If the notification relates to a portion of the filing checked above, identify
the Item(s) to which the notification relates:
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PART I - REGISTRANT INFORMATION
Forstmann & Company, Inc.
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Full Name of Registrant
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Former Name if Applicable
1155 Avenue of the Americas
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Address of Principal Executive Office (Street and Number)
New York, New York 10036
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City, State and Zip Code
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)
/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 , Form 20-F, 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 of 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
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/X/ (c) The accountantant'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 Form 10-K and Form 10-KSB,
20-F, 11-K, 10-Q and Form 10-QSB, N-SAR, or the transition report or portion
thereof, could not be filed within the prescribed time period. (ATTACH EXTRA
SHEETS IF NEEDED)
On September 22, 1995, the registrant filed a petition for protection under
Chapter 11 of the United States Bankruptcy Code with the Bankruptcy Court for
the Southern District of New York. As a result of the bankruptcy, the registrant
was subject to additional financial reporting requirements to the Bankruptcy
Court and data accumulation of the sort outside of the registrant's ordinary
course of business and operations. In addition, the registrant's financial
staff was reduced due to the bankruptcy, and in light of the increased reporting
and other burdens placed on the registrant's staff, the registrant has not been
able to complete the Form 10-K by the due date.
PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
Martin L. Budd, Esq. (203) 275-0219
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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 reports) been filed? If
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 experienced a decline in the results of operations. Loss applicable
to common shareholders was ($4.75) per share for fiscal 1995 compared to income
of $.60 per share for fiscal 1994.
Forstmann & Company, Inc.
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(Name of Registrant as Specified Charter)
has caused this notification to be signed on its behalf by the undersigned
hereunto duly authorized.
Date January 29, 1996 By /s/Robert N. Dangremond
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Robert N. Dangremond
- ----------------------- President and Chief
Executive Officer
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