SECURITIES AND EXCHANGE COMMISSION
Washington, DC 25049
FORM 12b-25
Notification of Late Filing
Commission File Number 0-22600
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(Check one)
[ ] Form 10-K [ ] Form 20-F [ ] Form 11-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 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
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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:_________________________
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PART I
REGISTRANT INFORMATION
Full Name of Registrant Employee Solutions, Inc.
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Former Name if Applicable
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Address of principal executive office (Street and Number) 6225 N. 24th Street
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City, State and Zip Code Phoenix, Arizona 85016
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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.)
[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, Form 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 Forms 10-K, 20-F,
11-K, 10-Q, N-SAR or the transition report portion thereof could not be filed
within the prescribed time period.
(Attach Extra Sheets if Needed)
Employee Solutions, Inc. ("ESI") completed two acquisitions
during the quarter ended March 31, 1997. ESI experienced certain delays
in receiving and compiling financial information relating to those
operations, and other operations which were acquired by ESI in late
1996. These factors combined to cause a delay in integrating the
various financial information required to complete ESI's report on Form
10-Q.
PART IV
OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification.
Morris C. Aaron (602) 955-5556
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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 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: attached 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.
ESI has reported revenues and net income of $195,966,000 and
$686,000, respectively, for the quarter ended March 31, 1997 as
compared to $73,934,000 and $2,352,000, respectively, which ESI
reported for the quarter ended March 31, 1996.
EMPLOYEE SOLUTIONS, 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/ Marvin D. Brody
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Name Marvin D. Brody
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Title Chief Executive Officer
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