U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
(Check One):
[X] Form 10-K [ ] Form 20-F [ ] Form 11-K [ ] Form 10-Q [ ] Form N-SAR
For Period Ended: September 30, 2000
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[ ] Transition Report on Form 10-K [ ] Transition Report on Form 10-Q
[ ] Transition Report on Form 20-K [ ] Transition Report on Form N-SAR
[ ] Transition Report on Form 11-K
For the Transition Period Ended:
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READ ATTACHED INSTRUCTION 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:
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PART I -- REGISTRANT INFORMATION
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Full Name of Registrant: XATA Corporation
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Former Name, if Applicable:
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Address of Principal Executive Office (Street and Number):
151 East Cliff Road, Suite 10
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City, State and Zip Code
Burnsville, MN 55337
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PART II -- RULES 12b-5 (b) AND (c)
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If the subject report could not be filed without reasonable effort or expense
and the registrant seeks relief pursuant to Rule 12b-5(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 or 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.
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PART III -- NARRATIVE
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State below in reasonable detail the reasons why the Form 10-K, 11-K, 20-F, 10-Q
or N-SAR, or the transition report or portion thereof could not be filed within
the prescribed time period.
A number of factors have resulted in significant delays in completion
of the Company's audited financial statements. As a result, it will not be
possible (given the Company's limited staff, described below) for the Company to
timely file its report on Form 10-KSB for the fiscal year ended September 30,
2000. The factors contributing to the delinquency are:
* resignation of the CFO two weeks prior to the end of the fiscal
year, with no replacement to date;
* new controller, who joined the Company part-time in May 2000,
started full-time on September 1, 2000;
* re-creation, post fiscal year end, of the detail accounting for new
types of software development projects which were partially funded
by outside sources;
* re-evaluation, post fiscal year end and continuing until December
26, 2000, of various accounting issues, including the write-off of
certain amounts of software development costs that had been
capitalized in prior years and the recognition of deferred tax
assets that could not be recognized at the prior year end.
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PART IV -- OTHER INFORMATION
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(1) Name and telephone number of person to contact in regard to this
notification:
Robert M. Featherstone (952) 707-5646
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(Name) (Area Code) (Telephone Number)
(2) Have all or 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?
[ ] 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. See explanation below:
XATA Corporation
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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: December 27, 2000 By /s/ William P. Flies
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William P. Flies CEO
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