<PAGE> 1
U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
Commission File No. 000-21463
(Check One): [ X ] Form 10-K or Form 10-KSB [ ] Form 11-K [ ] Form 20-F
[ ] Form 10-Q or Form 10-QSB [ ] Form N-SAR
For Period Ended: December 31, 1997
[ ] Transition Report on Form 10-K or Form 10-KSB
[ ] Transition Report on Form 20-F
[ ] Transition Report on Form 11-K
[ ] Transition Report on Form 10-Q or Form 10-QSB
[ ] Transition Report on Form N-SAR
For the Transition Period Ended: Not Applicable
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: Not Applicable
Part I
Registrant Information
Full Name of Registrant: Murdock Communications Corporation
Former Name if Applicable: Not Applicable
Address of Principal Executive Office (Street and Number): 1112 29th Avenue
S.W.
City, State and Zip Code: Cedar Rapids, IA 52404
<PAGE> 2
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)
(a) The reason described in reasonable detail in Part III of this form
could not be eliminated without unreasonable effort or expense;
(b) The subject annual report, semiannual report, transition report on
Form 10-K, Form 10-KSB, Form 20-F, Form 11-K or Form N-SAR, or
portion thereof will be filed on or before the fifteenth calendar day
[X] following the prescribed due date; or the subject quarterly report or
transition report on Form 10-Q or Form 10-QSB, 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, 10-KSB, 11-K,
20-F, 10-Q, 10-QSB, N-SAR or the transition report portion thereof could not be
filed within the prescribed time period. (Attached extra sheets if needed.)
The registrant could not file its annual report on Form 10-KSB for the
year ended December 31, 1997 on the prescribed filing date for the following
reasons:
The Company and its independent auditors have not been able
to compile and complete the audit of the financial data necessary
to complete the Company's financial statements by March 31, 1998,
the required filing date for the Company's annual report on Form
10-KSB, without unreasonable effort and expense.
2
<PAGE> 3
Part IV
Other Information
(1) Name and telephone number of person to contact in regard to this
notification:
Thomas E. Chaplin, Chief Executive Officer 319-362-6900
(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
The Company anticipates that its financial statements will
reflect a net loss of approximately $7,900,008 for the year ended
December 31, 1997, as compared to a net loss of $2,457,016 for the
year ended December 31, 1996.
Murdock Communications Corporation has caused this notification to be
signed on its behalf by the undersigned thereunto duly authorized.
Dated this 31st day of March, 1998.
MURDOCK COMMUNICATIONS
CORPORATION
BY /s/ Thomas E. Chaplin
-----------------------------------------
Thomas E. Chaplin, Chief Executive
Officer
3
