US SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SEC File No.: 0-18344 CUSIP Number: 835765 10 8
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NOTIFICATION OF LATE FILING
[X] Form 10-KSB [ ] Form 11-K [ ] Form 20-F [ ] Form 10-QSB
For the fiscal year ended December 31, 1997
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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 related:
PART I -- REGISTRANT INFORMATION
Full Name of Registrant: Sooner Holdings, Inc.
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Former Name if Applicable: N/A
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Address of Principal Executive
Office: 2680 W. Interstate 40, Oklahoma City, OK 73108
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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-26(b), the
following should be completed. (Check box if appropriate.)
------- (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 will be filed on or before
the fifteenth calendar day following the prescribed
due date; or the subject quarterly report 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-KSB, 11-K,
20-F, or 10-QSB or portion thereof could not be filed within the prescribed time
period.
Arthur Andersen LLP has completed its audit examination of the
Company's consolidated financial statements as of December 31, 1997 and for the
year then ended. However, the Company is in the final negotiations to acquire a
business, which would be a material reportable event for the Company. The
Company is anticipating closing this acquisition by the end of March 1998.
Accordingly, because of the material nature of the business acquisition, if
consummated, the Company desires to include this transaction as a "subsequent
event" in its audited financial statements and make full disclosure of the new
business acquisition in its MD&A discussion in its Form 10KSB. For this reason,
the Company will file the Form 10-KSB late, but within the 15-day time frame
prescribed pursuant to 12b-25.
PART IV -- OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to
notification:
R. C. Cunningham II, CEO and President (405) 236-8332
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(Name) (Area Code and Telephone No.)
(2) Have all other periodic reports required (under Section 13 or 15(d) of
the Securities Exchange Act of 1983) during the preceding 12 months (or
for such shorter period that the Registrant was required to file such
reports) been filed? If answered 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;
N/A
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PART V -- SIGNATURES
SOONER HOLDINGS. 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.
Dated: March 27, 1998
By: /s/ R. C. Cunningham II
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R. C. Cunningham II
CEO and President
By: /s/ R. C. Cunningham III
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R. C. Cunningham III
Secretary and Treasurer (Chief
Accounting Officer)
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