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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12B-25
0-27480
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COMMISSION FILE NUMBER
NOTIFICATION OF LATE FILING
(Check One): [ ] Form 10-K [ ] Form 11-K [ ] Form 20-F [X] Form 10-Q
[ ] Form N-SAR
For Period Ended: June 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:
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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: Notification relates to
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entire filing.
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PART I - REGISTRANT INFORMATION
Full name of registrant: Lahaina Acquisitions, Inc.
Former name if applicable: Not applicable.
Address of principal executive office: 2900 Atlantic Avenue, Suite 400
City, State and Zip Code: Fernandina Beach, FL 32034
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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 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;
(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
State below in reasonable detail the reasons why Form 10-Q could not be
filed within the prescribed time period. (Attach Extra Sheets if Needed)
The Registrant has experienced a delay in completing the financial
statement and Management's Discussion and Analysis portions of its Form 10-Q
for the fiscal quarter ended June 30, 1999 which delay could not be overcome
without unreasonable effort and expense, as a result of the following:
During the last year, a change in control occurred in conjunction with the
acquisition of a subsidiary of the Registrant resulting in replacement of all of
the officers and directors of the Registrant. As a result, there was a change
in the accounting personnel. The new accounting personnel has been in the
process of familiarizing itself with the Registrant which process did not occur
in a timely manner to enable the new accounting personnel to prepare and verify
the financial statements for the Form 10-Q. The transition and verification of
information will be completed within the time period described in this Form
12b-25.
PART IV-OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification:
Richard P. Smyth, Chief Executive Officer Phone: (904) 277-4438
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(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 Attachment A.
Lahaina Acquisitions, 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.
By: /s/ RICHARD P. SMYTH
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Richard P. Smyth
Chief Executive Officer
Date: August 16, 1999
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Attachment A
It is anticipated that significant changes in the results of operations
will be reflected by the Registrant's earnings statements for the nine months
period ended June 30, 1999 as compared with the comparable period of 1998.
These changes result primarily from the December 14, 1998 purchase of all of
the outstanding stock of Beachside Commons I, Inc., prior to which time the
Registrant had no significant operations. A reasonable estimate cannot be made
at this time because review of the financial statements of the predecessor
company has not been completed.
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