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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION SEC File Number
WASHINGTON, DC 20549 0-26054
FORM 12B-25
CUSIP Number
727044 10 9
NOTIFICATION OF LATE FILING
(Check One) /x/ Form 10-KSB / / Form 20-F / / Form 11-K / / Form 10-Q
/ / Form N-SAR
For Period Ended: December 31, 1996
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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
For the Transition Period Ended:________________________________________________
READ INSTRUCTION (ON BACK PAGE) 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
Full name of registrant Planet Polymer Technologies, Inc.
________________________________________________________
Former name if applicable_______________________________________________________
Address of principal executive office (street and number)
9985 Business Park Ave.
_______________________________________________________
City, State and Zip Code San Diego, CA 92131
_______________________________________________________
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 where appropriate.)
/x/ (a) The reasons described in reasonable detail in Part III of this
form could not be eliminated without reasonable 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 Form 10-K, 20-F, 11-K, 10-Q,
N-SAR or the transition report or portion thereof, could not be filed within
the prescribed time period.
Additional time will be needed for Registrant's management to complete the
preparation and review of Registrant's Annual Report on Form 10-KSB.
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PART IV. OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
Robert J. Petcavich (619) 549-5130
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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 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?
See Attached. /X/ 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.
Planet Polymer Technologies, 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 March 31, 1997 By: /s/ Robert J. Petcavich
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Title: President, Chief Executive Officer
and Director
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 (SEC 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. 20549, 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.
5. Electronic Filers. This form shall not be used by electronic filers unable
to timely file a report solely due to electronic difficulties. Filers unable
to submit a report within the time period prescribed due to difficulties in
electronic filing should comply with either Rule 201 or Rule 202 of
Regulation S-T (sec 232.201 or sec 232.202 of this chapter) or apply
for an adjustment in filing date pursuant to Rule 13(b) of Regulation S-T
(sec 232.13(b) of this chapter).
PART IV. QUESTION (3) (CONTINUED)
The Registrant anticipates that the earnings statements to be reported in its
Form 10-KSB for the year ended December 31, 1996 will reflect significant
changes in its results of operations between the fiscal years ended December
31, 1995 and December 31, 1996. Such changes will primarily result from
Registrant's acquisition of Deltco of Wisconsin, Inc. ("Deltco") in January
1996. Changes in the results of operations related to the acquisition of
Deltco are expected to be consistent with such changes previously reported in
Registrant's Form 10-QSBs for the first three fiscal quarters of 1996.
Registrant is continuing to collect and analyze information regarding its
results of operations, and is therefore unable to provide a reasonable estimate
of the results of operations to be reported in the Form 10-KSB to which this
Form 12b-25 relates.
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