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UNITED STATES SEC File Number
SECURITIES AND EXCHANGE COMMISSION 0-24812
Washington, D.C. 20549 -------
Cusip Number
FORM 12b-25 10553K105
NOTIFICATION OF LATE FILING
(Check One) [x]Form 10-K [ ]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 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 the 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:
Notification relates to entire Form 10-KSB for the period indicated.
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PART I - REGISTRANT INFORMATION
Brassie Golf Corporation
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Full Name of Registrant
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Former Name if Applicable
5806 - A Breckenridge Parkway
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Address of Principal Executive Office (STREET AND NUMBER)
Tampa, Florida 33610
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City, State and Zip Code
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 appropriate box)
[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 of 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, 11-K, 10-Q,
N-SAR, or the transition report or portion thereof, could not be filed with the
prescribed time period. (Attach Extra Sheets if Needed)
SEE EXHIBIT A (attached).
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PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
David Crowell (813) 621-4653
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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 reports been
filed? If 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? [ ] 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:
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Brassie Golf Corporation
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(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned
hereunto duly authorized.
Date March 28, 1997 By /s/ Steve Tucker
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Steve Tucker, Controller (Principal
Financial and Accounting Officer)
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
persons 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 INSTRUCTION
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 amendment 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 (Section 232.201 or Section 232.202
of this chapter) or apply for an adjustment in filing date pursuant to
Rule 13(b) of Regulation S-T (Section 232.13(b) of this chapter).
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EXHIBIT A
to
Form 12b-25
Brassie Golf Corporation
Part III - Narrative
The registrant hereby represents that, for the reasons set forth below,
the registrant was precluded from timely filing a Form 10-KSB for the period
ended December 31, 1996 without unreasonable effort or expense:
1. The consultant engaged by the registrant to prepare its periodic
and annual reports resigned during March 1997. The registrant has
subsequently enlisted the assistance of its corporate counsel to
assist the registrant in preparing a Form 10-KSB for the relevant
period. The registrant anticipates that the Form 10-KSB will be
completed and filed with the Commission on or before April 15,
1997.
2. During the past 90 days, the registrant's executive officers have
been engaged in extensive negotiations with two unrelated
corporations to complete one or more significant transactions.
Based on the present status of the negotiations, these
transactions may be structured as a significant acquisition of
assets by the registrant or a merger by the registrant (or a
subsidiary to be formed by the registrant) with an unrelated
corporation (or a subsidiary to be formed by such corporation).
Each of the foregoing matters has required the devotion of a substantial
amount of time by the registrant's executive officers and corporate counsel. In
addition, the fact that the negotiations described in 2., above, remain
unresolved, the registrant, despite working diligently, was unable without
unreasonable expense or effort to timely prepare a meaningful Form 10-KSB by the
statutory filing date. However, the registrant anticipates that each of the
aforementioned matters will be substantially resolved prior to April 15, 1997 so
as to permit the registrant to file a meaningful Form 10-KSB on or before such
date.
