UNITED STATES OMB APPROVAL
SECURITIES AND EXCHANGE COMMISSION ---------------------------
WASHINGTON, D.C. 20549 OMB Number: 3235-0058
Expires: May 31, 1997
FORM 12b-25 Estimated average burden
hours per response. . .2.50
NOTIFICATION OF LATE FILING ---------------------------
(Check One): xxx Form 10-K === Form 20-F SEC FILE NUMBER
=== Form 11-K === Form 10-Q === Form N-SAR
33-17286
For Period Ended: -----------------------
[ ] Transition Report on Form 10-K CUSIP NUMBER
[ ] Transition Report on Form 20-F
[ ] Transition Report on Form 11-K 416172104
[ ] Transition Report on Form 10-Q
[ ] Transition Report on Form N-SAR
For the Transition Period Ended: --------------------------------
Read Instruction (on back page) Before Preparing Form.
Please Print or Type.
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:
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PART I - REGISTRANT INFORMATION
LIFSCHULTZ INDUSTRIES, INC.
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Full Name of Registrant
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Former Name if Applicable
641 WEST 59TH STREET
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Address of Principal Executive Office (Street and Number)
NEW YORK, NY 10019
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City, State and Zip Code
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 of annual report, semi-annual report,
transition report on Form 10-K; Form 20-F, 11-K, Form N-
[x] SAR, or portion thereof, will be filed on or before the
fifteenth calendar day following the prescribed due date;
or the subject quarterly report of 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.
PART III - NARRATIVE
State below in reasonable detail the reasons why Forms 10-K, 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).
Additional time was necessary to complete audit which delayed completion
of final documents.
PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
Ronald S. Poelman (801) 521-3200
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(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 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 reports)
been filed? If 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
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.
Total revenues for Lifschultz Industries, Inc. and its subsidiaries
(the "Company") rose from $9,293,000 in fiscal 1995 to $11,292,000 in fiscal
1996, an increase of 21.5%. While the Company suffered a consolidated net
loss of ($938,000) in fiscal 1994, it enjoyed consolidated net earnings of
$620,000 in fiscal 1995 and consolidated net earnings of $2,015,000 in fiscal
1996. Most of the increase in net earnings was due to
an extraordinary gain from extinguishment of debt at the Company's Lifschultz
Fast Freight, Inc. subsidiary ("LFF"). Nonetheless, earnings before
extraordinary items at the Company level rose 50% to $719,000. The Company's
subsidiaries, Hart Scientific, Inc. and Calorimetry Sciences Corporation,
have continued to expand sales of existing product lines and their combined
revenues grew 22% during fiscal 1996. The Company's LFF subsidiary
successfully negotiated $1,296,000 in reductions of its debt burden through
exchange of debt for the Company's Series E Preferred Stock and other
settlements.
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LIFSCHULTZ INDUSTRIES, INC.
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(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the
undersigned hereunto duly authorized.
Date: October 29, 1996 By DENNIS HUNTER
President
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INSTRUCTION: The form may be signed by an executive officer of the
registration 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).
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GENERAL INSTRUCTIONS
1. This form is required by Rule 12b-25 (17 CFR 240.12b-25) of the
General Rules and Regulations under the Securities Exchange Act
of 1934.
2. One signed original and four conformed copies of this form and
amendments thereto must be completed and filed with the
Securities and Exchange Commission, Washington, D.C. 20549, in
accordance with Rule 0-3 of the General Rules and Regulations
under the Act. The information contained in or filed with the
form will be made a matter of public record in the Commission
files.
3. A manually signed copy of the form and amendments thereto shall
be filed with each national securities exchange on which any
class of securities of the registrant is registered.
4. Amendments to the notifications must also be filed on form 12b-25
but need not restate information that has been correctly
furnished. The form shall be clearly identified as an amended
notification.
5. Electronic Filers. This form shall not be used by electronic
filers unable to timely file a report solely due to electronic
difficulties. Filers unable to submit a report within the time
period prescribed due to difficulties in electronic filing should
comply with either Rule 201 or Rule 202 of Regulation S-T
(sect. 232.201 or sect. 232.202 of this chapter) or apply for an
adjustment in filing date pursuant to Rule 13(b) of Regulation
S-T (sect. 232.13(b) of this chapter).
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