SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 12b-25
Commission File Number 0-21986
NOTIFICATION OF LATE FILING
(Check One): [XX] Form 10-K [ ] Form 11-K [ ] Form 20-F [ ] Form 10-Q
[ ] Form N-SAR
For Period Ended: October 31, 1996
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[xx]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:
Read attached instruction sheet 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 ABLE TELCOM HOLDING CORP.
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Former name if applicable:
Address of principal executive office (Street and number)
1601 FORUM PLACE,SUITE 1110
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City, State and Zip Code
WEST PALM BEACH, FLORIDA 33401
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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 Form 10-K, 11-K, 20-F,
10-Q, N-SAR or the transition report portion thereof could not be filed within
the prescribed time period. (Attach extra sheets if needed.)
On October 12, 1996 and December 2, 1996, the Registrant acquired two
significant subsidiaries. Each such acquisition required the preparation of
Current Reports on Form 8-K (filed October 25, 1996 and amended on December 20,
1996 with respect to the October 12, 1996 acquisition; and filed December 13,
1996 and to be amended on or about February 11, 1996 with respect to the
December 2, 1996 acquisition). The acquisition also resulted in significantly
increased accounting and audit responsibilities. As a result of the financial
reporting, accounting, and auditing requirements, the Company is unable to file
its Annual Report on Form 10-K within the prescribed time period without
unreasonable expense and effort.
Part IV. Other Information
(1) Name and telephone number of person to contact in regard to this
notification
DANIEL L. OSBORNE (561) 688-0400
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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 [ 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.
The Company recorded special charges during the second and fourth quarters
of fiscal year 1996 which will result in a net loss of $(5,910,247) for the
fiscal year when compared to a $(281,166) net loss for 1995.
ABLE TELCOM HOLDING CORP.
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(Name of registrant as specified in charter)
Has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.
/s/ Daniel L. Osborne
Date: January 29, 1997 --------------------------------------
Daniel L. Osborne
Chief Financial and Accounting Officer
