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UNITED STATES OMB APPROVAL
SECURITIES AND EXCHANGE COMMISSION OMB NUMBER: 3235-0058
WASHINGTON, D.C. 20549 EXPIRES: MAY 31, 1997
ESTIMATED AVERAGE BURDEN
FORM 12b-25 HOURS PER RESPONSE....2.50
NOTIFICATION OF LATE FILING SEC FILE NUMBER
1411600
CUSIP NUMBER
917 246 100
(Check One): / /Form 10-K / /Form 20-F / /Form 11-K /x/Form 10-Q / /Form N-SAR
For Period Ended: June 30, 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: ____________________________________
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Read Instruction (on back page) 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:
_______________________________________________________________________________
PART I -- REGISTRANT INFORMATION
_______________________________________________________________________________
Full Name of Registrant
Urethane Technologies, Inc.
_______________________________________________________________________________
Former Name if Applicable
_______________________________________________________________________________
Address of Principal Executive Office (Street and Number)
1202 E. Wakeham Avenue
_______________________________________________________________________________
City, State and Zip Code
Santa Ana, CA 92705
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)
(a) The reasons described in reasonable detail in Part III on this form
could not be eliminated without unreasonable effort or expense;
(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
/X/ be filed on or before the fifteenth calendar day following the
prescribed due date; or the subject quarterly report of 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 Forms 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.
See Continuation Sheet
(Attach Extra Sheets if Needed)
SEC 1344 (6/94)
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PART IV -- OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
Mark Creatura 714 973-0800
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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 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.
See Continuation Sheet
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URETHANE TECHNOLOGIES, 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
hereunto duly authorized.
Date August 14, 1996 By /s/ James B. Frakes
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James B. Frakes, Vice President
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 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.
ATTENTION
INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE FEDERAL CRIMINAL
VIOLATIONS (SEE 18 U.S.C. 1001).
GENERAL INSTRUCTIONS
1. This form is required by Rule 12b-25 (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 public record in the Commission
files.
3. A manually signed copy of the form and amendments thereto shall be filed
with each national exchange on which any class of securities of the
registrant is registered.
4. Amendments to the notifications must also be filed on form 12b-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 (Sections 232.201 or Sections 232.202 of this chapter) or
apply for an adjustment in filing date pursuant to Rule 13(b) of Regulation
S-T (Sections 232.13(b) of this chapter).
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URETHANE TECHNOLOGIES, INC.
SEC. file no. 1-11600
Continuation Sheet to Notice on Form 12b-25
(Notice relates to Form 10-Q for the period ended June 30, 1996)
Response to Part III:
As a means to reduce costs and preserve shareholder value, the registrant
conducted a reduction in force on August 9, 1996. The need to reassign certain
responsibilities relating to preparation of financial statements and public
reports has made it impracticable to file the subject report within the
prescribed time period.
Response to Part IV(3):
The registrant expects that its statement of operations to be included in the
subject report will show certain significant changes in the results of
operations, as discussed briefly below:
For the three month period ended June 30, 1996, the registrant expects to report
net sales of approximately $8.5 million, up approximately 14% from the
corresponding year-earlier period. Both the current and preceding year included
discontinued operations.
The registrant expects that the results of its continuing operations will be a
loss of approximately $600,000, compared with income of $284,326 in the
corresponding year-earlier period. The registrant expects to report income from
discontinued operations of approximately $460,000, as compared with a loss from
discontinued operations of $218,313, for the corresponding year-earlier period.
The registrant expects to report for the current three month period a net loss
of approximately $130,000, as compared with net income of $66,013 reported in
the corresponding year-earlier period.
For the six month period ended June 30, 1996, the registrant expects to report
net sales of approximately $14.8 million, up from $12,802,724 in the
corresponding year-earlier period. Both the current and preceding year included
discontinued operations, and the registrant expects that the results of its
continuing operations will be a loss of approximately $1.2 million, as compared
with income of $257,735 for the corresponding year-earlier period.
The registrant expects to report for the current six month period a net loss of
approximately $730,000. That figure, and all expected profit or loss figures for
the current year, should be regarded at this time as having a margin of error of
up to approximately $20,000.
