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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
SEC File No: 0-27852
(CHECK ONE):
/ / Form 10-K and Form 10-KSB / / Form 20-F / / Form 11-K
/X/ Form 10-Q and Form 10-QSB / / Form N-SAR
For Period Ended: March 31, 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 Transition Period Ended: ..................................
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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.
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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
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Full Name of Registrant: Platinum Entertainment, Inc.
Former Name if Applicable
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Address of Principal Executive Office (STREET AND NUMBER)
2001 Butterfield Road, Downers Grove, Illinois 60515
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PART II - RULES 12b-25(b) and (c)
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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 reason 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 or 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
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State below in reasonable detail the reasons why Form 10-K and Form 10-KSB,
20-F, 11-K, 10-Q and Form 10-QSB, N-SAR, or the transition report or portion
thereof could not be filed within the prescribed period.
See Part III Narrative attached hereto.
(Attach Extra Sheets if Needed)
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PART IV - OTHER INFORMATION
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(1) Name and telephone number of person to contract in regard to this
notification
(Name) (Area Code) (Telephone Number)
Douglas C. Laux (630) 769-0033
Chief Financial Officer
(2) Have all other periodic reports required under Section 13 or 15(d)
of the Securities and 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.
Potential changes in the Registrant's results of operations are described in
the Part III Narrative attached hereto.
(Name of Registrant as specified in charter)
Platinum Entertainment, Inc.
has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.
Date: May 15, 1998 By: /s/ Douglas C. Laux
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Douglas C. Laux
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.
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PLATINUM ENTERTAINMENT, INC.
FORM 12b-25 WITH RESPECT TO THE QUARTERLY REPORT
ON FORM 10-Q FOR QUARTER ENDED MARCH 31, 1998
PART III - NARRATIVE
As a result of the Company's recent change of fiscal year as described
in the Company's Report on Form 8-K dated February 26, 1998, the Company is
unable to file its quarterly report on Form 10-Q for the quarter ended March
31, 1998 ("10-Q") by May 15, 1998 without unreasonable effort or expense.
The audited financial statements for the transition period ended December 31,
1997 are not yet complete (such statements will be included in a Transition
Report on Form 10-K to be filed on or before May 27, 1998). The quarterly
financial statements cannot be completed until the audit of the preceding
period is concluded. It is anticipated that the Company's net loss for the
quarter ended March 31, 1998 will be $857,000 compared to a net loss of
$3,293,000 for the quarter ended March 31, 1997. Please note that because of
the change in fiscal year as discussed above, the Company did not previously
report its results of operations for the quarter ended March 31, 1997.
