SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 12b-25
Commission File Number 0-16293
NOTIFICATION OF LATE FILING
(Check One): [ X ] Form 10-K [ ] Form 11-K [ ] Form 20-F
[ ] Form 10-Q [ ] Form N-SAR
For Period Ended: September 30, 1998
[ ] Transition Report on Form 10-K [ ] Transition Report on Form 10-Q
[ ] Transition Report on Form 20-F [ ] Transition Report on Form N-SAR
[ ] Transition Report on Form 11-K
For the Transition Period Ended: Not Applicable
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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: Not Applicable
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Part I. Registrant Information
Full name of registrant: Lanxide Corporation
Former name if applicable:
1300 Marrows Road, P.O. Box 6077
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Address of principal executive office (Street and Number):
City, State and Zip Code: Newark, Delaware 19714-6077
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Part II. Rule 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 appropriate box.)
[ 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, 20-F, 11-K or Form N-SAR, or portion thereof will be filed
on or before the 15th 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.
Part III. Narrative
State below in reasonable detail the reasons why the Form 10-K, 11-K, 20F, 10-Q,
N-SAR or the transition report portion thereof could not be filed within the
prescribed time period. (Attach extra sheets if needed).
The auditors have not been able to complete the audit of the financial
statements.
For the reasons set forth above, the Company's inability to timely file its
Annual Report on Form 10-KSB for its fiscal year ended September 30, 1998 could
not be eliminated without unreasonable effort or expense. The Company intends to
file its Annual Report no later than the fifteenth day after the due date of the
Annual Report.
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Part IV. Other Information
(1) Name and telephone number of person to contact in regard to this
notification
Julian Sur 302 456-6207
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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 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.
The Company generated a net income of $18,000 for the fiscal year ended
September 30, 1998 as compared to a net loss of $2,595,000 for the fiscal year
ended September 30, 1997 The per share income for fiscal 1998 was $0.01 as
compared to per share loss of $1.96 for fiscal 1997.
Lanxide Corporation
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(Name of Registrant as Specified in Charter)
Has caused this notification to be signed on their behalf by the undersigned
thereunto duly authorized.
Date: December 29, 1998 By /s/ Julian Sur
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Julian Sur
Controller