U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.
FORM 12B-25
NOTIFICATION OF LATE FILING
(CHECK ONE):
[X] Form 10-K and Form 10-KSB [ ] Form 20-F [ ] Form 11-K
[ ] Form 10-Q and Form 10-QSB [ ] Form N-SAR
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:<ellipsis><ellipsis><ellipsis><ellipsis><ellipsis><ellipsis>
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:
<ellipsis><ellipsis><ellipsis><ellipsis><ellipsis><ellipsis><ellipsis><
<ellipsis><ellipsis><ellipsis><ellipsis><ellipsis><ellipsis><ellipsis>
PART I--REGISTRANT INFORMATION
Full Name of Registrant:SETECH, INC.
Former Name if Applicable:
AVIATION EDUCATION SYSTEMS, INC.
Address of Principal Executive Office (STREET AND NUMBER):
903 INDUSTRIAL DRIVE, MURFREESBORO, TENNESSEE 37129
<PAGE>
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;
(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 [Amended in Release No. 34-26589 , effective April 12, 1989, 54 F.R.
10306.]
(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. [Amended in Release
No. 34-26589, effective April 12, 1989, 54 F.R. 10306; and Release No. 34-
30968, effective August 13, 1992, 57 FR 36442.]
We are filing this notification of Late Filing as we are unable to complete
the financial statements for the twelve months ending June 30, 1998 as
management is in the process of reviewing certain transactions related to the
acquisition and operation of a key subsidiary resulting in a delay of the
first full audit of those operations. As a result, the company is not able,
without unreasonable effort or expense, to file it's Form 10-K on or prior to
the prescribed filing date.
PART IV--OTHER INFORMATION
(1)Name and telephone number of person to contact in regard to this
notification
Richard Eddinger (615) 890-1755
(Name)(Area Code)(Telephone Number)
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(2)Have all other periodic 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
registrant was 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.
See EXHIBIT A attached hereto and incorporated herein by reference.
SETECH, 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: 9/28/98 By:/s/ Richard Eddinger
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).
332144.1 <<Date>>
<PAGE>
EXHIBIT A
The incremental first year impact of the results of Lewis Supply, Inc. as a
wholly owned subsidiary of SETECH, Inc. will significantly increase revenues
for the fiscal year. The estimated summary results, in thousands, are as
follows;
Revenues $89,340
Net income 400
332144.1 <<Date>>
<PAGE>
ARTHUR ANDERSEN LLP
424 Church Street, Suite 1000
Nashville, Tennessee 37219
September 28, 1998
Securities and Exchange Commission
450 Fifth Street, NW
Washington, DC 20549
Dear Gentlemen:
We have been retained by SETECH, Inc. as independent public accountants to
audit and report on the Company's financial statements for the fiscal year
ended June 30, 1998.
We have not received certain essential data necessary to complete our audit
tests and procedures in time to issue our report by September 28, 1998, which
is the required filing date for the Company's annual report.
Very truly yours,
/s/ ARTHUR ANDERSEN LLP
