U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
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SEC FILE NUMBER
1-9299
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CUSIP NUMBER
(Check One): 413345109
[X] Form 10-K and Form 10-KSB [ ] Form 10-KSB -----------------
[ ] Form 20-F [ ] Form 11-K [ ] Form 10-Q and Form 10-QSB
[ ] Form N-SAR
For Period Ended: October 31, 1999
[ ] 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: N/A
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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.
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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
Harnischfeger Industries, Inc.
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Full Name of Registrant
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Former Name if Applicable
3600 South Lake Drive
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Address of Principal Executive Office (Street and Number)
St. Francis, Wisconsin 53235-3716
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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)
(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 or 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 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 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 period.
On June 7, 1999, Harnischfeger Industries, Inc. (the "Company") and its domestic
operating subsidiaries filed voluntary petitions for reorganization under
Chapter 11 of the U.S. Bankruptcy Code. On October 27, 1999, the Company
announced its commitment to sell or otherwise dispose of its Pulp and Paper
Machinery segment. A hearing before the Bankruptcy Court to approve a Sale Order
with respect to the sale of major parts of the segment began on January 19, 2000
and is scheduled to continue on February 1, 2000. Assessing the effects on the
Company's financial statements from the Chapter 11 filing, the treatment of the
Pulp and Paper Machinery segment as a discontinued operation, the actions to
sell assets of the Pulp and Paper Machinery segment, and other developments has
caused the preparation of the Form 10-K to take longer than anticipated.
PART IV -- OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
Herbert S. Cohen (414) 486-6870
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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 the 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? [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.
See Exhibit A
Harnischfeger Industries, 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: January 31, 2000 By: /s/ Herbert S. Cohen
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Vice President, Controller and
Chief Accounting Officer
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.
ATTENTION
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Intentional misstatements or omissions of fact constitute Federal Criminal
Violations (See 18 U.S.C. 1001).
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EXHIBIT A
TO FORM 12b-25
HARNISCHFEGER INDUSTRIES, INC.
On June 7, 1999, the Company and its domestic operating subsidiaries filed
voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy
Code. On October 27, 1999, the Company announced its commitment to sell or
otherwise dispose of its Pulp and Paper Machinery segment. The earnings
statement for fiscal 1999 will reflect the Company's Pulp and Paper Machinery
segment as a discontinued operation as of October 31, 1999. Accordingly, the
results of operations will reflect the Company's continuing mining equipment
businesses. The results of operations will also reflect significant losses
recorded in fiscal 1999 related to: losses from and loss on sale of discontinued
operations; increased valuation allowances with respect to tax assets; and
non-recurring and bankruptcy related charges and expenses. Because the Company
has not completed its assessment of the effects of all of these matters, it
cannot provide a reasonable estimate of all of the effects at this time.
