U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
SEC FILE NUMBER
0-16323
CUSP NUMBER
286150-20-6
[X] Form 10-K and Form 10-KSB [ ] Form 20-F [ ]Form 11-K
[ ] Form 10-Q and Form 10-QSB [ ] Form N-SAR
For Period Ended:
[ ] 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:
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: Annual Report on Form 10-K (Complete
Filing)
Part I - Registrant Information
Full Name of Registrant
Former Name, if Applicable
Electrosource, Inc.
Address of Principal Executive Office (Street and
Number)
2809 IH 35 South
City, State and Zip Code
San Marcos, Texas 78666
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 the Rule 12b-25 ( 23,047), 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 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 [Amended
in Release No. 34-26589 ( 72,435), effective April 12,
1989, 54 F.R. 10306.]
(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 Form 10-K
and Form 10-SB, 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 period. [Amended in Release No. 34-
26589 ( 72,435), effective April 12, 1989. 54 F.R. 10306;
and Release No. 34-30968 ( 72,439), effective August 13,
1992. 57 F.R. 36442.]
The Company requests the extension because of its inability
to close the anticipated sale of Common Stock to Kamkorp in a
timely fashion which significantly changed disclosures in its
Annual Report. As a result, the Company was unable to
obtain concurrence and approval from its Board members
related to such disclosures before the filing deadline.
Part IV - Other Information
(1) Name and telephone number of person to contact in
regard to this notification
Mary Beth Koenig (512)753 - 6500
(Name) (Area Code) (Telephone Number)
(2) Have all other periodic report 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?
[ ] Yes [ X ] 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.
Electrosource, 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: April 1, 1999 By: /s/
Benny E. Jay,
Executive Vice President
