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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 12b-25
Commission File Number: 0-28640
CUSIP Number: 105031-10-8
NOTIFICATION OF LATE FILING OF FORM 10-Q
For Period Ended: March 31, 1998
Part 1. Registrant Information
BRAKE HEADQUARTERS U.S.A., INC.
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(Full name of registrant)
33-16 WOODSIDE AVENUE, LONG ISLAND CITY, NEW YORK, 11101
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(Address of Principal executive office)
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 quarterly report on Form 10-Q 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
The executive officers of the Registrant have recently been occupied
with the negotiations and documentation associated with a private financing
transaction and other vital matters and as a result, the Form 10-Q could not be
filed within the prescribed time period.
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Part IV. Other Information
(1) Name and telephone number of person to contact in regard to this
notification:
Marc Ruskin (718) 779-4800
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(Name) (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.
The Registrant estimates that during the quarter ended March 31, 1998
it incurred a net loss of approximately $183,000 as compared with a profit of
$33,000 for the corresponding period for the last year. The projected loss is a
result of lower than anticipated sales.
BRAKE HEADQUARTERS U.S.A., 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.
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Date: May 15, 1998 By: /s/ Marc J. Ruskin
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Title: Chief Financial Officer
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 and 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).
