UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
Form 12b-25
NOTIFICATION OF LATE FILING
FORM 10-Q
FOR PERIOD ENDED: June 30, 1997
SEC FILE NUMBER: 33-15370-D
CUSIP NUMBER: 126586106
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 fifth
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 the Registrants Form
10-K could not be filed within the prescribed time period.
During the fiscal year, the Registrant has disposed of or completed a plan
to dispose of four of its business units. The resolution of accounting issues
associated with these transactions has caused delay in completing the company's
year-end audit.
Part IV-Other information
(1) Please contact Jonathan S. Beckstrand at (801) 269-5085 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:
The Company has disposed of four business units during the fiscal year
ended June 30, 1997. Additionally, in fiscal 1996 as a result of the impairment
of certain intangible assets, the Company incurred certain significant non
recurring charges. As a result, when compared with the results from operations
as reported in the Company's Form 10K for the period ended June 30, 1996, the
results from operations for the current fiscal year will reflect a decrease in
net revenues from the $29,464,459 previously reported for the fiscal year ended
June 30, 1996 to approximately 27,100,000 for the fiscal year ended June 30,
1997. It is expected that the results from continuing operations improve from
the loss from continuing operations of $9,879,714 as previously reported for
fiscal year 1996 to income from continuing operations of approximately $500,000
for the 1997 fiscal year. Additionally, overall results from operations
(including the effects of the discontinued operations) will improve from a net
loss of approximately $17,450.492 as previously reported for fiscal year 1996 to
a net loss of approximately $1,400,000 for the 1997 fiscal year.
CUSA Technologies, Inc. has caused this notification to be signed on its
behalf by the undersigned hereunto duly authorized.
Date: September 26, 1997 By /s/ Jonathan S. Beckstrand
--------------------------
Jonathan S. Beckstrand, Secretary
and Treasurer.
