U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
[X] Form 10-KSB [ ] Form 11-K [ ] [ ] Form 20-F Form 10-Q [ ] Form N-SAR
For Period Ended: June 30, 1996
[ ] Transition Report on Form 10-K [ ] Transition Report on Form 10-Q [ ]
Transition Report on Form 20-F [ ] Transition Report on Form 11-K [ ] Transition
Report on N-SAR
For the Transition Period Ended: _____________________________________
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: Parts I, II, III and IV,
financial statements, and exhibits
Part I -- Registrant Information
Full Name of Registrant Mediware Information Systems, Inc.
Former Name if Applicable NA
1121 Old Walt Whitman Road
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Address of Principal Executive Office (Street and Number)
Melville, New York 11747-3005
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(City, State and Zip Code)
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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-25(b), the following should
be completed. (Check appropriate box)
[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-KSB, Form 20-F, 11-K or Form N-SAR, or portion thereof will be filed on or
before the 15th 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.
Part III -- Narrative
State below in reasonable detail the reasons why 10-KSB, 20-F, 11-K, 10-Q,
N-SAR, or the transition report or portion thereof could not be filed within the
prescribed period.
The Registrant is unable to file its Annual Report on Form 10-KSB for
the year ended June 30, 1996 because the trunk containing the auditor's work
papers and other documents were stolen from the UPS truck during shipment from
the client's office to the auditors' home office. This theft, which was outside
the control of either the Registrant or the auditors, has delayed the completion
of the audited financial statements for the fiscal year ended June 30, 1996.
These financial statements will reflect a significant acquisition concluded in
June, 1996.
In addition, at this time the Registrant is renegotiating the terms of
certain aspects of such acquisition. The outcome of these negotiations, if
successful, could have a materially favorable effect, and the Registrant hopes
that an agreement can be reached before the end of the fifteen-day extension
which is requested. In the circumstances, it does not appear to be in the best
interest of investors for the Registrant to promulgate its Report on Form 10-KSB
with this uncertainty unresolved.
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PART IV -- Other Information
(1) Name and telephone number of person to contact in regard to
notification
Les Dace 408 438-4735
(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 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.
The Registrant concluded a significant acquisition in the last month of
its fiscal year ended June 30, 1996, acquiring net assets initially recorded on
its books at approximately $6,000,000, initially incurring purchase money
liabilities of approximately $6,000,000, and raising approximately $5,000,000 of
net funds through the issuance of shares of its common stock. In addition, the
acquisition will result in a charge to earnings of approximately $3.5 million in
fiscal 1996 for the write-off of acquired in-process research and development
technology. These matters have been reflected in the proforma financial
statements included as a part of Registrant's Current Report on Form 8-KA filed
on September 13, 1996.
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Mediware Information Systems, Inc.
(Name of Registrant as specified in charter)
has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.
Date September 30, 1996 By /s/ Les Dace
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Les Dace, President
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