Form 12b-25
[As last amended in Release No.34-31905, February 23, 1993, 58 F.R. 14628.]
U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
(Check One):
[ ] Form 10-K [ ] Form 20-F [ ] Form 11-K [X] Form 10-Q [ ] Form N-SAR
For Period Ended: September 7, 1996
[ ]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:
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 HOMELAND HOLDING CORPORATION
Former Name if Applicable
Address of Principal Executive Officer (Street and Number)
2601 N.W. Expressway, Oil Center East
City, State and Zip Code Oklahoma City, Oklahoma 73112
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)
[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
[ ] (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, 20-F, 11-K, 10-Q, N-
SAR or the transition report or portion thereof could not be filed within the
prescribed time period.
The Registrant has been unable to compile all the information necessary to
complete the filing of the Form 10-Q.
Part IV-Other Information
(1) Name and telephone number of person to contact in regard to this
notification
Larry W. Kordisch (405) 879-6600
(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
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(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.
The Registrant's plan of reorganization, dated as of July 19, 1996, was
declared effective on August 2, 1996. Pursuant to the American Institute
of Certified Public Accountant's Statement of Position No. 90-7 entitled
"Financial Reporting by Entities in Reorganization under the Bankruptcy
Code", the Registrant's plan of reorganization will result in "fresh-
start" reporting. The Registrant's assets and liabilities will be
adjusted to fair market value and a new reporting entity will be created
with no retained earnings or accumulated deficit. It is estimated that
the Registrant's net sales for the thirty-six weeks ended September 7,
1996 will be $363.3 million or approximately 20.7% lower than the thirty-
six weeks ended September 9, 1995, due to the sale of 29 stores to
Associated Wholesale Grocers, Inc. on April 21, 1995, the closing of 14
and 2 underperforming stores in 1995 and 1996, respectively, and the sale
of the Ponca City store in April 1996.
HOMELAND HOLDING CORPORATION
(Name of Registrant as specified in charter)
has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.
Date: October 22, 1996 By: /s/ Larry W. Kordisch
Larry W. Kordisch, Executive Vice President/
Finance, Treasurer, C.F.O. and Secretary
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