UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12B-25
NOTIFICATION OF LATE FILING
SEC File Number 0-23422
(Check One):[ ] Form 10-K [ ] Form 20-F [ ] Form 20-F [x] Form 10-Q
[ ] Form N-SAR
For Period Ended: SEPTEMBER 30, 2000
[ ] Transition Report on Form 10-K [ ] Transition Report on Form 10-Q
[ ] Transition Report on Form 20-F [ ] Transition Report on Form N-SAR
[ ] Transition Report on Form 11-K
For the Transition Period Ended:
READ INSTRUCTION (ON BACK PAGE) 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
Full name of registrant: DRYPERS CORPORATION
Former name if applicable
Address of principal executive office (STREET AND NUMBER)
5300 MEMORIAL, SUITE 900
City, State and Zip Code HOUSTON, TEXAS 77007
PART II. RULE 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)
(a) The reasons described in reasonable detail in Part III of this form
could not be eliminated without unreasonable effort or expense;
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[X] (b) The subject annual report, semi-annual report, transition report
on Form 10-K, Form 20-F, Form 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.
PART III. NARRATIVE
State below in reasonable detail the reasons why Form 10-K, 20-F, 11-K,
10-Q, N-SAR, or the transition report portion thereof, could not be filed within
the prescribed time period. (Attach extra sheets if needed.)
The Registrant filed a voluntary petition for reorganization under Chapter
11 of the United States Bankruptcy Code on October 10, 2000. Since September 30,
2000, the Registrant's resources have been focused on the filing of the Chapter
11 bankruptcy proceeding and the subsequent information requests from the
bankruptcy court. As a result, the closing of Registrant's books for the three
months ended September 30, 2000 has been delayed, which has resulted in the
Registrant's inability to complete its financial statements and to timely file
its Quarterly Report on Form 10-Q.
PART IV. OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
BRIAN FONTANA (713) 869-8693
(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
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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.
Results of operations for the Registrant's 2000 third quarter reflected a
decrease in net sales of approximately $18.7 million as compared to the third
quarter of 1999 primarily driven by the industry-wide transition to new
packaging in the United States and continued difficulties in certain
international markets.
DRYPERS CORPORATION
(Name of registrant as specified in charter)
has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.
Date: NOVEMBER 15, 2000 By: /s/ BRIAN FONTANA
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Name: Brian Fontana
Title: Executive Vice President
and Chief Financial Officer
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