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U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
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NOTIFICATION OF LATE FILING SEC FILE NUMBER
0-21488
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CUSIP NUMBER
148881-10-5
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(Check One)
[ ] Form 10-K and Form 10-KSB [ ] Form 20-F [ ] Form 11-K [X] Form 10-Q and
Form 10-QSB [ ] Form N-SAR
For Period Ended: November 1, 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: ________________________
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
Catalyst Semiconductor, Inc.
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Full Name of Registrant
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Former Name if Applicable
1250 Borregas Avenue
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Address of Principal Executive Office (Street and Number)
Sunnyvale, California 94089
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City, State and Zip Code
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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, 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,
20F, 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. (Attach Extra Sheets
if Needed)
In March 1998, Registrant's Chairman, President and Chief Executive Officer
resigned at the Company's request and the former Chief Operating Officer was
appointed President and Chief Executive Officer. In May 1998, Registrant's Chief
Financial Officer resigned at the Company's request and an individual from
outside Registrant was appointed Chief Financial Officer. As a result of these
changes in senior management and the required transitions, substantial
additional time was required to locate and gather information to prepare the
quarterly financial statements and to perform other activities necessary to
complete the Quarterly Report on Form 10-Q for the fiscal quarter ended August
2, 1998. The new management and staff continues to work to locate the requisite
documentation and to complete the tasks necessary to finalize the quarterly
financial statements, and to implement systems to make such information more
readily available. As a result, the Quarterly Report on Form 10-Q could not be
filed when due on December 16, 1998.
Part IV - Other Information
(1) Name and telephone number of person to contact in regard to this
notification
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Thomas E. Gay III (408) 542-1040
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(Name) (Area Code) (Telephone Number)
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(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 answer is no, identify report(s).
X Yes No
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(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? Yes X 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.
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CATALYST SEMICONDUCTOR, 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 16, 1998 By /s/ Thomas E. Gay III
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Thomas E. Gay III
Vice President, Finance and Administration,
and Chief Financial Officer
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