SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 12b-25
Commission File Number 0-15491
NOTIFICATION OF LATE FILING
(Check One): (X) Form 10-K ( ) Form 11-K ( )
Form 20-F ( ) Form 10-Q ( ) Form N-SAR ( )
For Period Ended: March 31, 1999
( ) Transition Report on Form 10-K ( ) Transition Report on Form 10-Q
( ) Transition Report on Form 20-F ( ) Transition Report on Form N-SAR
( ) Transition Report on Form 11-K
For the Transition Period Ended: ________________________________________
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.
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
Full name of registrant PARLUX FRAGRANCES, INC.
Former name if applicable
Address of principal executive office 3725 SW 30th Avenue
City, State and Zip Code Ft. Lauderdale, FL 33312
PART II. RULE 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 appropriate box.)
( 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, 20-F, 11-K, or Form N-SAR, or portion thereof will be
filed on or before the 15th 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 5th 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.
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PART III. NARRATIVE
State below in reasonable detail the reasons why Form 10-K, 11-K, 20-F,
10-Q, N-SAR or the transition report portion thereof could not be filed within
the prescribed time period. (Attach extra sheets if needed.)
The Registrant has not yet completed its Annual Report on Form 10-K for
the year ended March 31, 1999, because it is involved in continuing discussions
with its auditors regarding the appropriate generally accepted accepted
accounting principle treatment for certain material trade receivables from
related parties.
PART IV. OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification.
FRANK A. BUTTACAVOLI 954 316-9008
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(Name) (Area Code) (Telephone Number)
(2) Have all other period reports required under Section 13 or 15(d) of
the Securities and 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 registrants were required to file such
report (s) been filed? If the 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 ultimate determination as to the treatment of trade receivables from
related parties could have a material adverse affect on the Company's results of
operation for the quarter and fiscal year ended March 31, 1999.
Additionally, the quarter and fiscal year ended March 31, 1998, included
a $9.2 million restructuring charge, which was non-recurring.
PARLUX FRAGRANCES, INC.
(Name of registrant as specified in charter.)
Has caused this notification to be signed on its behalf by the
undersigned thereunto duly authorized.
Date: June 29, 1999 By: /s/ FRANK A. BUTTACAVOLI
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Frank A. Buttacavoli
Executive Vice President and CFO
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