U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
SEC FILE NUMBER:
333-18755
CUSIP NUMBER:
729272 10 4
(Check One):
( ) Form 10-K and Form KSB ( ) Form 20-F ( ) Form 11-K
(X) Form 10-Q and Form 10QSB
For Period Ended: June 30, 1999
[ ] 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: N/A
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
Pluma, Inc.
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Full Name of Registrant
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Former Name if Applicable
801 Fieldcrest Road
Eden, North Carolina 27288
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Address of Principal Executive Office (Street and Number)
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) [P. 23,047], the
following should be completed. (Check box if appropriate).
[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, 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 (P. 72,435), effective April 12,
1989, 54 F.R. 10306.]
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[ ] (c) The accountant's statement or other exhibit required by Rule 12b-25(c)
has been attached if applicable.
State below in reasonable detail the reasons why Form 10-K, 20-F, 11-K, 10-Q,
N-SAR, or the transition report or portion thereof could not be filed within the
prescribed period. [Amended in Release No. 34-26589 (P. 72,435), effective April
12, 1989, 54 F.R. 10306; and Release No. 34-30968 (P. 72,439), effective August
13, 1992, 57 F.R. 36442.]
As a result of the Company's Chapter 11 bankruptcy proceeding, its financial
condition is ever changing. As a result of this, the Company's financial
statements remain incomplete and therefore the Company's 10-Q cannot be timely
filed without unreasonable effort and expense.
(Attach Extra Sheets if Needed
PART III - Narrative
(1) Name and telephone number of person to contact in regard to this
notification:
Thomas T. Crumpler (336) 722-2300
(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. See attached Exhibit A.
Pluma, Inc.
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(Name of Registrant as specified in charter)
has caused this notification to be signed on its behalf of the undersigned
thereunto duly authorized.
Date: August 17, 1999 By:
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Thomas T. Crumpler
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).
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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 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.
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 (ss.232.201 or ss.232.202 of this chapter) or apply for an
adjustment in filing date pursuant to Rule 13(b) of Regulation S-T
(ss.232.13(b) of this chapter). [Added in Release No. 34-31905 (P. 85,111),
effective April 26, 1993, 58 FR 14628; and Release No. 34-35113 (P. 85,475),
effective January 30, 1995, 59 F.R. 67752.]
<PAGE>
EXHIBIT A
TO FORM 12b-25
PLUMA, INC.
For the quarter ended June 30, 1998, the Company reported a loss before
income taxes of approximately $1.7 million. For the quarter ended June 30, 1999,
the Company expects to report a loss before income taxes of approximately $34.4
million. Significant factors affecting this change in results include a
significant write-off of good will associated with the sale of the Company's
Stardust distributorship, significant inventory write-downs, and lost sales,
which inhibited the Company's ability to absorb fixed costs.
