UNITED STATES SEC File Number
SECURITIES AND EXCHANGE COMMISSION 0-20309
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
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For Period Ended: 6-30-96
[ ] 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 INSTRUCTION (ON BACK PAGE) BEFORE PREPARING FORM. PLEASE PRINT OR TYPE
Nothing in the 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,
identify the Item(s) to which the notification relates:
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PART I - REGISTRANT INFORMATION
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Full Name of Registrant
TAPISTRON INTERNATIONAL, INC.
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Former Name if Applicable
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Address of Principal Executive Office (STREET AND NUMBER)
Route 12, Box 12876, Alabama Highway, Ringgold, Georgia 30736
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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)
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, 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
X (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 the Form 10-K, 11-K, 10-Q,
N-SAR, or the transition report or portion thereof, could not be filed with the
prescribed time period. (Attach Extra Sheets if Needed)
The Independent Auditor was unable to start the audit prior to October 7, 1996,
due to the fact that we needed approval from the Bankruptcy Court to engage the
auditors. See attached exhibit 1 completed by the auditor.
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PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
J. Darwin Poe 706 965-9300
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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? __ 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:
Tapistron International, 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.
Date: October 23, 1996 By /s/ J. Darwin Poe
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J. Darwin Poe, President
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 persons
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.
<PAGE>
ATTENTION
Intentional misstatements or omissions of fact constitute Federal Criminal
Violations (See 18 U.S.C. 1001).
GENERAL INSTRUCTION
1. This form is required by Rule 12b-25 (17 CFR 240.12b-25) of the General
Rules and Regulations under the Securities Exchange Act of 1934.
2. One signed original and four conformed copies of this form and
amendments thereto must be completed and filed with the Securities and
Exchange Commission, Washington, D.C. 20549 in accordance with Rule 0-3
of the General Rules and Regulations under the Act. The information
contained in or filed with the form will be made a matter of public
record in the Commission files.
3. A manually signed copy of the form and amendments thereto shall be
filed with each national securities exchange on which any class of
securities of the registrant is registered.
4. Amendments to the notifications must also be filed on form 12b-25 but
need not restate information that has been correctly furnished. The
form shall be clearly identified as an amendment notification.
5. ELECTRONIC FILERS. This form shall not be used by electronic filers
unable to timely file a report solely due to electronic difficulties.
Filers unable to submit a report within the time period prescribed due
to difficulties in electronic filing should comply with either Rule 201
or Rule 202 of Regulation S-T (Section 232.201 or Section 232.202 of
this chapter) or apply for an adjustment in filing date pursuant to
Rule 13(b) of Regulation S-T (Section 232.12(c) of this chapter).
October 23, 1996
Exhibit 1-Attachment to Form 12b-25
Tapistron International, Inc.
As independent auditors for Tapistron International, Inc., we are preparing this
exhibit to be attached to Form 12b-25 for Tapistron International, Inc. Our firm
has been engaged by Tapistron International, Inc. to perform an audit of their
financial statements and to assist them in preparation of Form 10-K for the year
ending July 31, 1996.
Because Tapistron has filed a petition in bankruptcy under Chapter 11 of the
Bankruptcy Code, we were unable to start any of our audit work or 10-K
preparation work until the bankruptcy court approved our employment. I am
attaching a copy of Judge Massey's order which is dated October 4, 1996
authorizing Tapistron to employ us for these services. Due to the tight time
constraints that we are working under, we are unable to complete the audit and
the 10-K without unreasonable effort.
Baring any unforeseen complications, the 10-K along with our audit report will
be filed no later than the 15th calendar day following the prescribed due date
of October 29, 1996.
Sincerely,
Dudley, Hopton-Jones, Sims & Freeman PLLP
By: /s/ A. Jackson Knight
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A. Jackson Knight, Engagement Partner