UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
Form 12b-25
NOTIFICATION OF LATE FILING
FORM 10-K FOR PERIOD ENDED: June 30, 1995
SEC FILE NUMBER: 33-15370-D
CUSIP NUMBER: 624297 10 7
PART I--REGISTRANT INFORMATION
Full Name: CUSA Technologies, Inc.
Address: 986 West Atherton Drive, Salt Lake City, Utah 84123
PART II--RULES 12B-25(b) AND (c)
The subject report could not be filed without unreasonable effort or expense
and the registrant seeks relief pursuant to Rule 12b-25.
The reasons described in reasonable detail in Part III of this form could not be
eliminated without unreasonable effort or expense.
The subject annual report on Form 10-K will be filed on or before the
fifteenth calendar day following the prescribed due date.
The accountant's statement or other exhibit required by Rule 12b-25(c) has been
attached if applicable.
Part III--Narrative
Stated below in reasonable detail are the reasons why Form 10-K could not be
filed within the prescribed time period.
The Registrant has completed nine acquisitions during the fiscal year ending
June 30, 1995. The difficulties of consolidating results and financial
statements of the different entities have required an extension of the required
time period.
Part IV--Other information
(1) Please contact Jon Beckstrand at (801) 278-2336 in regards to this
notification.
(2) All other periodic reports required under section 13 or 15(d) of the
Securities Exchange Act of 1934 or Section 20 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) have been filed.
(3) It is anticipated that significant changes in results of operations from the
corresponding period will be reflected by the earnings statements to be included
in the subject report or portions thereof as described below:
At June 30, 1994 the Registrant had recently gained a controlling equity
ownership in its first software industry acquisition, CUSA, Inc. At June 30,
1994, the Registrant's audited financials showed $12,237,597 in total assets
and $4,106,013 of stockholder's equity. Because the acquisition was treated as
a purchase, the results of operations for fiscal 1994 showed a mere $545,686
of total revenues. In the fiscal year ending June 30, 1995, the Registrant has
completed 8 other software industry acquisitions and expanded its software
industry vertical offerings to include the medical and rental markets to
complement its June 22, 1994 entry into the business of marketing and developing
credit union software and systems integration services. Accordingly, the Balance
Sheet and Statements of Operations reflect a significant increase in most
balance sheet and income statement items. The addition of these acquisitions
will increase the Registrant's total assets to approximately $28,000,000,
stockholder's equity to approximately $10,000,000 and total revenues to
approximately $32,000,000. Of eight acquisitions completed in fiscal
1995 seven were accounted for using purchase accounting and one using the
pooling of assets method. Accordingly, a significant amount of the annual
revenues for some of the acquired companies will not be reflected in the
results from operations for the fiscal year ended June 30, 1995.
CUSA Technologies, Inc. has caused this notification to be signed
on its behalf
by the undersigned hereunto duly authorized.
Date: September 28, 1995 By /s/ Michael K. Hirano
Michael K. Hirano, C.F.O.
