Form 12b-25
U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
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NOTIFICATION OF LATE FILING SEC FILE NUMBER
333-18755
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(Check One): CUSIP NUMBER
729272 10 4
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[ ] Form 10-K and Form-KSB [ ] Form 20-F [ ] Form 11-K [X] 10-Q and Form 10QSB
For Period Ended: September 30, 1999
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[ ] 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
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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.
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If the notification relates to a portion of the filing checked above,
identify the Item(s) to which the notification relates:
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Part I - Registrant Information
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Full Name of Registrant Pluma, Inc.
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Former Name if Applicable__________________________________________________
801 Fieldcrest Road
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Address of Principal Executive Office (Street and Number)
Eden, North Carolina 27288
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City, State and Zip Code
Part II - Rules 12b-25(b) and (c)
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If the subject report could not be filed without unreasonable effort or expense
and the registrant seeks relief pursuant to Rule 12b-25(b) [paragraph 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 (paragraph 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.
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Part III - Narrative
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State below in reasonable detail the reasons why Form 10-K and Form 10-KSB,
20-F, 11-K, 10-Q and Form 10-QSB, -SAR, or the transition report or portion
thereof could not be filed within the prescribed period. [Amended in Release No.
34-26589 (paragraph 72,435), effective April 12, 1989, 54 F.R. 10306; and
Release No. 34-30968 (paragraph 72,439), effective August 13, 1992, 57 F.R.
36442.]
The Company has filed a proceeding under Chapter 11 under the United States
Bankruptcy Code. On November 9, 1999, a confirmation hearing was conducted
concerning Pluma's plan of liquidation and the United States Bankruptcy judge
announced in open court that he would confirm the plan of liquidation. The
Company is awaiting the entry of the Bankruptcy judge's confirmation order. On
November 2, 1999, Pluma, through counsel, filed with the Commission a request
seeking relief from the Federal Securities Law reporting requirements based on
severe financial distress and the discontinuance of Pluma's business operations
and liquidation. The Company awaits the Commission's response. With the
Commission's permission, the Company anticipates filing its plan of liquidation
under the cover of Form 8-K upon entry of confirmation of the Bankruptcy Court's
order confirming the plan of liquidation.
(Attach Extra Sheets if Needed)
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Part III - Narrative
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(1) Name and telephone number of person to contact in regard to this
notification
Thomas T. Crumpler (336) 722-2300
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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. 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 by the undersigned
thereunto duly authorized.
Date November 15, 1999 By: ________________________________
---------------------------------- Thomas T. Crumpler
INSTRUCTION: The form may be signed by 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.
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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 12-b25 (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 notifications must also be filed on Form12b-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 (sec. 232.201 or sec. 232.202 of this chapter) or apply for an adjustment in
filing date pursuant to Rule 13(b) of Regulation S-T (sec. 232.13(b) of this
chapter). [Added in Release No. 34-31905 (paragraph 85,111), effective April 26,
1993, 58 FR 14628; and Release No. 34-35113 (paragraph 85,475), effective
January 30, 1995, 59 FR 67752.]
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EXHIBIT A
TO FORM 12b-25
PLUMA, INC.
For the quarter ended September 30, 1998, the Company reported a net loss
of $2.7 million. For the quarter ended September 30, 1999, the Company
anticipates reporting a loss of approximately $13.0 million. The significant
factor affecting this change in results is the decision by the Company to close
and liquidate its business.
