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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
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Commission File Number
0-25114
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---------------------------------
Cusip Number
130551 10 4
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NOTIFICATION OF LATE FILING
(Check One): [_] Form 10-KSB [_] Form 11-KSB [_] Form 20-F [X] Form 10-QSB
[_] Form N-SAR
For Period Ended: SEPTEMBER 30, 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:
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.
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
CALIFORNIA PRO SPORTS, INC.
________________________________________________________________________________
Full Name of Registrant
________________________________________________________________________________
Former Name if Applicable
1221-B SOUTH BATESVILLE ROAD
________________________________________________________________________________
Address of Principal Executive Office (Street and Number)
GREER SOUTH, CAROLINA 29650
________________________________________________________________________________
City, State and Zip Code
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;
|
| (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
[X] | 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.
PART III
NARRATIVE
State below in reasonable detail why the 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. (Attach extra sheets if needed.)
THE REGISTRANT REQUIRED ADDITIONAL TIME TO COMPLETE ITS FINANCIAL STATEMENTS AND
THE RELATED ACCOUNTING AND DISCLOSURE REQUIREMENTS FOR THE FOLLOWING ITEM:
1. THE REGISTRANT FILED A REGISTRATION STATEMENT ON FORM S-3 ON SEPTEMBER 29,
1998 AND A PRELIMINARY PROXY STATEMENT ON FORM 14-A ON SEPTEMBER 18, 1998.
ON OCTOBER 9, 1998 THE REGISTRANT RECEIVED COMMENTS FROM THE SECURITIES AND
EXCHANGE C0MMISSION RELATING TO THE TWO FILINGS. THE COMPANY HAS
SUBSEQUENTLY FILED TWO AMENDED PRELIMINARY PROXY STATEMENTS ON OCTOBER 23,
1998 AND NOVEMBER 10, 1998. THE COMPANY HAS EXPENDED SIGNIFICANT TIME IN
PREPARING THE PROXY STATEMENT.
<PAGE>
PART IV
OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
BARRY HOLLANDER (864) 848-5160
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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?
[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.
AS A RESULT OF MANAGEMENT'S PREVIOUSLY ANNOUNCED DECISION TO RESTRUCTURE AND
DELEVERAGE THE COMPANY, THE REGISTRANT IN SEPTEMBER 1997, SOLD SUBSTANTIALLY
ALL OF THE OPERATING ASSETS OF THE COMPANY'S HOCKEY BUSINESS AND CEASED
0PERATING THE CALIFORNIA PRO AND KEMPER LICENSES ELIMINATING MOST OF THE
OPERATING AND OVERHEAD EXPENSES ASSOCIATED WITH ITS SPORTING GOODS BUSINESS
AND BEGAN TO CONCENTRATE ON SUB-LICENSING THE COMPANY'S TRADEMARK RIGHTS.
REVENUES AND LOSS FROM OPERATIONS ARE EXPECTED TO BE APPROXIMATELY AS FOLLOWS:
THREE MONTHS ENDED SIX MONTHS ENDED
SEPTEMBER 30, SEPTEMBER 30,
(UNAUDITED) (UNAUDITED)
1998 1997 1998 1997
---- ---- ---- ----
REVENUES ........... 0 $ 2,073,000 0 $ 8,849,000
LOSS FORM OPERATIONS ($ 506,000) (1,160,000) (1,392,000) (2,695,000)
CALIFORNIA PRO SPORTS, 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 11/16/98 By /S/ BARRY HOLLANDER, ACTING PRESIDENT
------------------- ---------------------------------------------
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 (see 18 U.S.C. 1001).
GENERAL INSTRUCTIONS
1. This form is required by Rule 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 or apply for an adjustment in filing date pursuant to Rule 13(b)
of Regulation S-T.
(Form 12b-25-07/98)
