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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
Commission File Number 0-21042
NOTIFICATION OF LATE FILING
(Check One): [ ] Form 10-K [ ] Form 11-K [ ] Form 20-K [X] Form 10-Q
[ ] Form N-SAR
For Period Ended: March 31, 1997
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[ ] 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
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For the Transition Period Ended:
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Nothing in this form shall be construed to imply that the Commission has
verified any information contained herein.
If the notification related to a portion of the filing checked above,
identity the item(s) to which the notification relates:
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PART I
REGISTRANT INFORMATION
Full name of registrant: MOLTEN METAL TECHNOLOGY, INC.
Former name if applicable:
Address of principal executive office (Street and number): 400-2 Totten Pond
Road
City, state and zip code: Waltham, Massachusetts 02154
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 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-K, 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.
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PART III
NARRATIVE
State below in reasonable detail the reasons why Form 10-K, 11-K, 20-F,
10-Q, N-SAR or the transition report portion thereof could not be filed within
the prescribed time period.
As described in the registrant's Form 12b-25 filed with the Securities and
Exchange Commission on April 1, 1997 with respect to the registrant's Form 10-K
for the year ended December 31, 1996 (the "Form 10-K"), the registrant has not
yet been able to complete its financial statements for such fiscal year
because (i) the financial statements of M4 Environmental L.P. ("M4"), a joint
venture between the registrant and Lockheed Martin Corporation, have not yet
been completed and (ii) the registrant and M4 are finalizing a reassessment of
the value of certain of their fixed assets. Until these matters are completed,
the registrant will be unable to complete its financial statements and file the
Form 10-K. Because the registrant's Form 10-Q for the quarter ended March 31,
1997 is dependent upon information in the registrant's financial statements for
the year ended December 31, 1996 and such financial statements will not be
completed until after May 15, 1997, the registrant will be unable, without
unreasonable effort or expense, to file its Form 10-Q for the quarter ended
March 31, 1997 by the required May 15, 1997 filing date.
PART IV
OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification.
Ethan E. Jacks
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(Name)
617 487-7626
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(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 reports(s).
[ ] Yes [X] No
Form 8-K dated January 2, 1997
Form 10-K for the fiscal year ended December 31, 1996
(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 expects its results of operations for the quarter ended
March 31, 1997 to be materially lower than the results of operations for the
quarter ended March 31, 1996, primarily due to a reduction in revenues from
technology transfer fees and construction and research and development
activities. In addition, the Company expects to incur substantial losses from
its equity interest in M4 for the quarter ended March 31, 1997, compared to
equity income of $369,000 for the quarter ended March 31, 1996. Because of the
uncertainty surrounding the amount of potential losses from M4, a reasonable
estimate of first quarter 1997 results of operations cannot be made at this
time.
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MOLTEN METAL TECHNOLOGY, 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.
Date: May 15, 1997 By: /s/ BENJAMIN T. DOWNS
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BENJAMIN T. DOWNS
EXECUTIVE VICE PRESIDENT OF
FINANCE AND
ADMINISTRATION AND CHIEF FINANCIAL
OFFICER
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