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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 12b-25
NOTIFICATION OF LATE FILING
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0-19269
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SEC FILE NUMBER
86688110
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CUSIP NUMBER
[ ] Form 10-K and 10-KSB [ ] Form 20-F [ ] Form 11-K [ x ] Form 10-Q and 10-QSB
[ ] Form N-SAR
For the period ended: November 28, 1998
[ ] 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 period ended: N/A
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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: This filing
relates to the entire Form 10-Q for the quarterly period ended November
28, 1998.
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PART I - REGISTRANT INFORMATION
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FULL NAME OF REGISTRANT: Sun Television and Appliances, Inc.
ADDRESS AND PHONE NUMBER: 6600 Port Road
Groveport, Ohio 43125
(614) 492-5600
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PART II - RULE 12b-25(b)
The registrant's Form 10-Q could not be filed without unreasonable
effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b) for
the reasons described in PART III of this form.
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PART III - NARRATIVE
Sun Television and Appliances, Inc. (the "Registrant") and its
subsidiary Sun TV and Appliances, Inc. filed voluntary petitions for relief
under Chapter 11 of the United States Bankruptcy Code (each, a "Petition") with
the United States Bankruptcy Court for the District of Delaware (the "Bankruptcy
Court") on September 16, 1998. As a result of the Registrant's Petition and
limited resources, and time spent by the Registrant's accounting and financial
personnel on bankruptcy matters, the Registrant will need additional time to
prepare its financial statements for the quarterly period ended November 28,
1998. For these reasons management will not be able to timely file the Form 10-Q
without unreasonable effort or expense.
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PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification:
Beth A. Savage - (614) 492-5643
(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 reports been filed? If the answer is no,
identify the reports.
[ 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
EXPLANATION OF ANTICIPATED CHANGE
Sun Television and Appliances, Inc. (the "Registrant") and its
subsidiary Sun TV and Appliances, Inc. filed voluntary petitions for relief
under Chapter 11 of the United States Bankruptcy Code with the United States
Bankruptcy Court for the District of Delaware (the "Bankruptcy Court") on
September 16, 1998. As part of the bankruptcy proceeding the Registrant closed
29 of its 59 stores and sold the inventory from those stores to a liquidator
effective October 9, 1998. In early November 1998, the Company determined that
it was in the best interests of its creditors and its shareholders to initiate
an orderly liquidation of the remainder of its assets. On November 13, 1998, the
Bankruptcy Court entered an order authorizing the Registrant to close all of its
remaining stores, conduct store-closing sales and liquidate its business.
Accordingly, on November 13, 1998, all of the Registrant's remaining inventory
was sold to a liquidator. As a result of these actions, the results of
operations for the quarter ended November 28, 1998, will reflect a significant
change from the corresponding period.
Sun Television and Appliances, Inc. has caused this notification to be
signed on its behalf by the undersigned thereunto duly authorized .
January 12, 1999 /s/ Beth A. Savage
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Beth A. Savage, Chief Financial Officer and
Treasurer
