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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
Commission File Number: 0-19596
CUSIP Number:
(Check One): / / Form 10-K / / Form 20-F / /Form 11-K
/X/ Form 10-Q / / Form N-SAR
For Period Ended: for the quarter ended September 28, 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: ____________________________
/ Read attached instruction sheet 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. /
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
SLM International, Inc.
________________________________________________________________________________
Full Name of Registrant
_______________________________________________________________________________
Former Name if Applicable
30 Rockefeller Plaza
________________________________________________________________________________
Address of Principal Executive Office (Street and Number)
New York, NY 10112-4399
________________________________________________________________________________
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 Rule 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, 20-F, 11-K or Form N-SAR, or portion thereof, will
be filed on or before the 15th calendar day following the
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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 the Form 10K, 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.)
The Company is unable to file its report on Form 10-Q for the quarter
ended June 29, 1996 within the prescribed time period due to a delay in
finalizing statements of its material subsidiaries.
PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification:
John A. Sarto (212) 332-1612
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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 registrant was required to file such reports 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?
/ / 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.
________________________________________________________________________________
SLM International, 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.
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Date: Nov. 11, 1996 By /s/ John A. Sarto
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Name: John A. Sarto
Title: Vice President & Chief Financial
Officer
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. 25049, 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 securities 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.
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ATTACHMENT A
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SLM INTERNATIONAL, INC.
Form 12b-25
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Part IV - OTHER INFORMATION
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The Company has not yet finalized information for the quarter ended
September 28, 1996. The Company and six of its subsidiaries filed for relief
under Chapter 11 of the United States Bankruptcy Code in the United States
Bankruptcy Court on October 24, 1995 (the "Filing"). As a result of the Filing,
the Company's financial staff has spent a substantial amount of time dealing
with different aspects of the Filing, as well as dealing with due diligence
related to "exit" financing.
Based on information currently available from its ongoing review, the
Company currently believes that its operating income will be more than, and its
net loss will be less than, that reported for the fiscal quarter ended
September 30, 1995.
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Date: Nov. 11, 1996 By /s/ John A. Sarto
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Name: John A. Sarto
Title: Vice President & Chief Financial
Officer
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. 25049, 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 securities 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.
