U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING SEC FILE NUMBER
0-21192
CUSIP NUMBER
134624 10 5
[X] Form 10-K and Form 10-KSB [ ] Form 11-K [ ] Form 10-Q and
Form 10-QSB
[ ] Form N-SAR
For Period Ended: August 31, 1997
[ ] 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
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:
Campo Electronics, Appliances and Computers, Inc.
Address of Principal Executive Office (Street and Number):
109 Northpark Boulevard, Suite 500, Covington,
Louisiana 70433
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, 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.
Part III - Narrative
State below in reasonable detail the reasons why the 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.
As of the date hereof, the Registrant is not in compliance with
certain covenants, contained in its long-term, floor-plan and
debtor-in-possession credit agreements, which could give the
Registrant's lenders the right to accelerate the Registrant's
indebtedness, although to date no such acceleration has occurred.
The Registrant is currently in discussions with its lenders
regarding various options to resolve this status. The Registrant
had hoped that it would come to an agreement with its lenders in
time to allow the Form 10-K to be filed timely. However, it now
appears that negotiations with respect to an appropriate
resolution will not be completed for a couple of weeks. Because
the terms of any such resolution, the form it may take and its
effect on the Registrant's business cannot yet be determined, the
Registrant is unable to complete its Form 10-K report. Among the
portions of the Form 10-K that the Registrant is unable to file
at this time is its audited financial statements because of the
uncertain status of its negotiations. Upon satisfactory
completion of an agreement with the lenders with respect to the
Registrant's indebtedness and in any event, within the period
prescribed by Rule 12b-25(b), the Registrant will amend its 1997
Form 10-K to file the completed report.
Part IV - Other Information
(1) Name and telephone number of person to contact in
regard to this notification:
Michael G. Ware, Chief Financial Officer 504 867-5218
(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 filed a voluntary petition under Chapter 11
of the Bankruptcy Code on June 4, 1997. The Registrant expects
to report a loss of $34.2 million for fiscal 1997 as compared to
a loss of $1.4 million for fiscal 1996, after restructuring
charges and certain unusual or non-recurring items. Net loss for
fiscal 1997 before such charges and items was $10.6 million
compared to a net loss of $632,000 for fiscal 1996.
CAMPO ELECTRONICS, APPLIANCES AND COMPUTERS, 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: December 1, 1997 By: /s/ MICHAEL G. WARE
Michael G. Ware
Chief Financial Officer
