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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
Commission File Number 001-10459
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(Check One):
[ ] Form 10-K [ ] Form 20-F [ ] Form 11-K [X] Form 10-Q [ ] Form N-SAR
For Period Ended: December 31, 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.
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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:
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PART I -- REGISTRANT INFORMATION
Geneva Steel Company
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Full Name of Registrant
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Former Name if Applicable
10 South Geneva Road
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Address of Principal Executive Office (Street and Number)
Vineyard, UT 84058
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City, State and Zip Code
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 Rules 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, 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
State below in reasonable detail the reasons why the 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. (ATTACH EXTRA SHEETS IF NEEDED)
See Exhibit A attached hereto and incorporated herein by this reference.
PART IV--OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to
this notification
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<S> <C> <C>
Brian G. Lloyd 801 532-7840
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(Name) (Area Code) (Telephone Number)
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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 answer is no,
identify report(s).
See Exhibit A attached hereto and incorporated [ ] Yes [X] No
herein by this reference.
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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 of 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 Exhibit A attached hereto and incorporated herein by this reference.
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Geneva Steel Company
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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 2/14/00 By /s/ Dennis L. Wanlass
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Dennis L. Wanlass
Vice President, Treasurer and CFO
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
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Intentional misstatements or omissions of fact constitute Federal Criminal
Violations (See 18 U.S.C. 1001)
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(Attach Extra Sheets If Needed)
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EXHIBIT A
TO
FORM 12B-25, NOTIFICATION OF LATE FILING
OF
GENEVA STEEL COMPANY
Part III - Narrative.
Geneva Steel Company (the "Registrant"), and its accounting and
management personnel, have been focused on the process of gathering materials
and preparing a proposal relating to a loan under the Emergency Steel Loan
Guarantee Program for which the Registrant has applied. For the foregoing
reasons, the Registrant has determined that its Quarterly Report on Form 10-Q
for the quarter ended December 31, 1999 (the "Form 10-Q") cannot be completed on
a timely basis without unreasonable effort or expense.
Part IV - Other Information.
(2) (a) The Registrant's Quarterly Report on Form 10-Q for the
quarter ended December 31, 1998 was due on February 14, 1999 but was not filed
until March 12, 1999.
(b) An amendment to the Registrant's Annual Report on Form 10-K
for the fiscal year ended September 30, 1998 (the "Form 10-K") was due on
January 28, 1999 but was not filed until March 12, 1999.
(3) The Registrant anticipates that the results of operations to be
included in the Form 10-Q will reflect a significant change from the results of
operations reported for the quarter ended December 31, 1998. The Registrant has
reported a net income of $1.8 million, or $.09 per dilutive common share, for
the fiscal quarter ended December 31, 1999. This compares with a net loss of
$49.8 million, or a loss of $3.30 per dilutive common share (after accounting
for dividends on preferred stock), for the fiscal quarter ended December 31,
1998.
