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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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SEC FILE NUMBER
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CUSIP NUMBER
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FORM 12-b25
NOTIFICATION OF LATE FILING
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(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: 12/31/96
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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:
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Read Instruction (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.
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If the notification relates to a portion of the filing checked above, indemnify
the Item(s) to which the notification relates:
PART I -- REGISTRANT INFORMATION
Computervision Corporation
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Full Name of Registrant
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Former Name if Applicable
100 Crosby Drive
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Address of Principal Executive Office (Street and Number)
Bedford, Massachusetts 01730
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City, State and Zip Code
PART II -- RULES 12-25(b) AND (c)
If the subject report could not be filed without unreasonable effort or expense
and the registrant seeks relief pursuant to Rule 12-25(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
[X] expenses;
(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
(c) The accountant's statement or other exhibit required by Rule
12(b)-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 within
the prescribed time period. (Attach Extra Sheets if Needed)
On March 19, 1997, the Company announced the termination of its agreement with
J.F. Lehman & Company for the sale of its Open Service Solutions (OSS)
business unit and the signing of a non-binding letter of intent with M.D. Sass
Investors Services, Inc. (Sass), a 17% shareholder of the Company, for the
purchase by Sass of a 51% interest in the OSS business. Additional time is
required to amend the Company's accounting and disclosure for the OSS business
unit, which was initially prepared on a discontinued operations basis. In
addition, based on preliminary results for the first quarter of 1997, which are
below expectations, the Company is currently assessing the impact of such
results on its debt agreements and the financial statements.
(Attach Extra Sheets if Needed)
SBC 1344 (11/91)
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PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard
to this notification.
James E. Hayden 617 275-1800
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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 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?
[ ] 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.
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Computervision Corporation
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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: April 1, 1997 By: /s/ James E. Hayden
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James E. Hayden, Vice President,
Corp. Controller
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 _______________________________
Intentional misstatements or omissions of fact constitute Federal
Criminal Violations (See 18 U.S.C. 1001).
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GENERAL INSTRUCTIONS
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 amended
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 or apply for an adjustment in filing
date pursuant to Rule 13(b) of Regulation S-T.
