U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12B-25
NOTIFICATION OF LATE FILING
LABONE, INC.
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(Registrant)
401(k) Plan of LabOne, Inc.
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(Plan)
0-15975
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(SEC FILE NUMBER)
50540E101
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(CUSIP Number)
[ ] Form 10-K and Form 10-KSB [ ] Form 20-F [ X ] Form 11-K
[ ] Form 10-Q and Form 10-QSB [ ] Form N-SAR
For Period Ended: December 31, 1999
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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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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: Not Applicable
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Part I - Registrant Information
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Full Name of Registrant: LabOne, Inc.
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Former Name if Applicable: Home Office Reference Laboratory Inc.
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Address of Principal Executive Officer: 10101 Renner Blvd.
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(Street and Number)
Lenexa, Kansas 66219
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(City, State and Zip Code)
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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
[ ] (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
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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 time period.
The financial statements of the 401(k) Plan of LabOne, Inc. (the
"Plan") for fiscal year ended December 31, 1998 have not yet been
completed because LabOne, Inc. (the "Company") has been preparing to
conduct a merger with its parent company, Lab Holdings, Inc. This fact
has made completion of the financial statements very complicated,
expensive and time consuming. Because the financial statements are not
completed the audit of the Plan's financial statements for and as of the
fiscal year ended December 31, 1998 is still in process.
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Part IV - Other Information
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(1) Name and telephone number of person to contact in regard to this
notification.
Kurt E. Gruenbacher (913) 888-1770
____________________________ ______________________________
(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
The Company anticipates a significant change in assets available to plan
beneficiaries for the fiscal year ended December 31, 1998 as compared to the
results of operations for the fiscal year ended December 31, 1997 resulting
from a decrease in the value of the Company's common stock from $17.375 as of
Decmeber 31, 1997 to $13.00 as of December 31, 1998. The Company's common stock
accounts for approximately one third of the investments of the Plan. The
Company estimates that the net change in assets available to plan beneficiaries
will be approximately $1.9 million for fiscal year end December 31, 1998 and
approximately $2.3 million for fiscal year end December 31, 1997. The $.4
million decrease in assets available to plan beneficiaries equals a decrease of
approximately 17%.
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.
LabOne, 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 30, 1999 By: /s/ Kurt E. Gruenbacher
Kurt E. Gruenbacher,
V.P. Finance, CAO and
Treasurer
