UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12B-25
NOTIFICATION OF LATE FILING
File Number 1-11046
Cusip Number 890530 10 8
(Check One) Form 10-K Form 20-F Form 11-K XX Form 10-Q Form N-SAR
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For Period Ended: June 30, 1998
( ) 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:_________________________________
Read Instructions (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.
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
TOP SOURCE TECHNOLOGIES, INC.
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Full Name of Registrant
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Former Name if Applicable
7108 Fairway Drive, Suite 200
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Address of Principal Executive Office (Street and Number)
Palm Beach Gardens, Florida 33418
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City, State and Zip Code
PART II - RULES 12b 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 bet 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 , Form N-SARI, 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
(c) The accountant's statement of other exhibit required by Rule 12b-25
has been attached if applicable.
Page 1 of 2
PART III - NARRATIVE
State below in reasonable detail the reasons why the Form 10-K, 11-k, 10-Q,
N-SAR, or the transition report or portion thereof, could not be filed within
the prescribed time period.
SEC 1344 (11-91)
The registrant can not file its 10-Q for the quarterly period ending on June
30, 1998 on the schedule due date for the following reasons:
The Registrant is in the process of finalizing the definitive agreement for
the sale of Top Source Automotive, Inc. The Company believes it could provide
more accurate disclosure regarding the transaction by delaying filing its Form
10-Q until August 19, 1998.
PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
David Natan (561) 775-5756
(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).
xx
_____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?
xx
_____Yes _____No
* The Company anticipates releasing its Earnings Report via press release
for the period ending June 30, 1998 on August 14, 1998.
TOP SOURCE TECHNOLOGIES, 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
hereunto duly authorized.
/s/ David Natan
Date: August 13, 1998 By: David Natan
Chief Financial Officer
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INSTRUCTION: 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 filed with the form.
