SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
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SEC FILE NO.: 0-23050
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(check one)
(x) Form 10-K ( ) Form 11-K ( ) Form 20-F ( ) Form 10-Q ( ) Form N-SAR
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CUSIP NUMBER:
849416201
For Period Ended: June 30, 1996
Read instructions (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:
Part I - Registrant Information
Full Name of Registrant SPRECKELS INDUSTRIES, INC.
Former Name if Applicable S.I. ACQUISITION CORP.
Address of Principal Executive Office (Street and Number)
One Morrocroft Centre, Ste. 450, 6805 Morrison Blvd.
City, State and Zip Code
Charlotte, NC 28211
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)
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(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 or semi-annual report/portion
thereof will be filed on or before the fifteenth calendar day
following the prescribed due date; or the subject quarterly
report/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,
20-F, 10-Q or N- SAR or portion thereof, could not be filed within the
prescribed time period.
The amount of work associated with the audit by the Company's
accountants, Arthur Andersen for discontinued operations did
not allow sufficient time to finalize the Form 10-K. Further,
the Company has recently entered into a merger agreement and
said time line for completion has not allowed the Company
sufficient time to complete its Form 10-K.
Part IV - Other Information
(1) Name and telephone number of person to contact in regard to
this notification.
Michael L. Sarina (704) 367-4220
(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 reports) been
filed? If answer is no, identify report(s). (x) Yes ( ) No.
(3) It is anticipated that any significant changes 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 ( ) 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.
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SPRECKELS INDUSTRIES, INC.
(NAME OF REGISTRANT AS SPECIFIED IN THE CHARTER)
has caused this notification to be signed on its behalf by the
undersigned thereunto duly authorized.
(Signature of Michael L. Sarina)
Date: September 27, 1996 By: __________________________
Michael L. Sarina
Controller, Chief Accounting Officer
and Secretary
INSTRUCTION: The form may be signed by an executive officer of the registrant 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).
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 the 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 notification 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.
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