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U.S. SECURITIES AND EXCHANGE COMMISSION
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
For Period Ended: December 31, 1996
[_] 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: _______________________
_____________________________________________
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: N/A
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Part I - Registrant Information
_______________________________
Full Name of Registrant:
The Score Board, Inc.
1951 Old Cuthbert Road
Cherry Hill, New Jersey 08034
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Address of Principal Executive Office
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Part II - Rules 12b-25(b) and (c)
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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 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
[X] (c) The accountant's statement or other exhibit required by Rule 12b-
25(b) has been attached if applicable.
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Part III - Narrative
______________________________
State below in reasonable detail the reasons why Form 10-K, 20-F, 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.)
Registrant's Form 10-K cannot be filed timely because Arthur Andersen LLP,
Registrant's independent public accounts, are continuing to perform audit
procedures with respect to the financial statements for the eleven months ended
December 31, 1996, and therefore are not able to determine the type of report,
if any, to be issued upon completion of the audit. The statement of Arthur
Andersen LLP required by Rule 12-25(b) is attached hereto as "Exhibit A".
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Part IV - Other Information
_____________________________
(1) Name and telephone number of person to contact in regard to this
notification:
Patrick J. Wujcik, Esq. 609 354-9000
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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
(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 statement 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 B"
THE SCORE BOARD, INC.
(Name of Registrant as specified in charter)
has caused this notification to be signed on its behalf by the undersigned
thereto duly authorized.
The Score Board, Inc.
Date: March 31, 1997 By: /s/ Michael D. Hoppman
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Name: Michael D. Hoppman
Title: Vice President - Finance,
Chief Financial Officer
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"EXHIBIT A"
March 31, 1997
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Dear Gentlemen:
We have read Part III of Form 12b-25 dated March 31, 1997, of The Score Board,
Inc., filed with the Securities and Exchange Commission on March 31, 1997, and
are in agreement with the statements contained herein.
Very truly yours,
ARTHUR ANDERSEN LLP
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"Exhibit B"
Registrant recently changed its fiscal year-end from January 31 to
December 31, making the fourth quarter ended December 31, 1996 a two-month
period and the year ended December 31, 1996 an eleven-month period. Net sales
for the two months ended December 31, 1996 are expected to be between $4.0
million and $4.5 million, compared to $18,945,000 for the three months ended
January 31, 1996. Registrant expects to report a net loss between $4.8 million
and $5.3 million for the fourth quarter ended December 31, 1996, compared to a
net loss of $8,960,000 in the prior year's fourth quarter.
Net sales for the eleven-months ended December 31, 1996 are expected to
be between $42.2 million and $42.7 million, compared to $74,953,000 for the
twelve-months ended January 31, 1996. Registrant expects to report a net loss
for the eleven-month period ended December 31, 1996 of between $17.3 million and
$17.8 million, compared to $8,204,000 for the twelve-months
ended Janaury 31, 1996.
Arthur Andersen LLP, Registrant's independent public accounts, are
continuing to perform audit procedures with respect to the financial statements
for the eleven months ended December 31, 1996. See response to Part III of Form
12b-25.
