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U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 12b-25
SEC FILE NUMBER
0-23562
NOTIFICATION OF LATE FILING
CUSIP NUMBER
Common - 594946105
(Check One):
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[X] Form 10-K and Form 10-KSB [_] Form 20-F [_] Form 11-K [_] Form 10-Q and Form 10-QSB
[_] Form N-SAR
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For Period Ended: December 31, 1998
[_] Transition Report on Form 10-K [_] Transition Report on Form 10-Q
[_] Transition Report on Form 20-F [_] Transition Report on Form N-SAR
[_] Transition Report on Form 11-K
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
Full Name of Registrant
Microelectronic Packaging, Inc.
Former Name if Applicable
n/a
Address of Principal Executive Office (Street and Number)
9577 Chesapeake Drive
City, State and Zip Code
San Diego, California 92123
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PART II - RULES 12B-25(B) AND (C)
If the subject report could not be filed without unreasonable efforts 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; [X]
(b) The subject annual report, semi-annual report, transition report on Form
10-K, Form 20-F, 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 [Amended in Release No. 34-26589,
effective April 12, 1989, 54 F.R. 10306.] [X]
(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 and Form 10-KSB, 20-
F, 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. [Amended in Release No.
34-26589, effective August 13, 1992, 57 FR 36442.]
There were certain unresolved issues that affected the presentation of the
Company's financial statements, the description of the Company's business,
management's discussion and analysis of the performance of the business and the
risk factors attendant thereto. Such issues are still being resolved, making it
impossible for the Company to file this Annual Report on Form 10-K in a timely
manner without unreasonable time or expense. The Company has, however, used its
best efforts to file the Annual Report on Form 10-K in a timely manner.
PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
Denis J. Trafecanty (619) 292-7000
(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
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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?
[X] Yes [_] 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.
The Company anticipates that it will have net income for the year ended December
31, 1998 of $4,736,000 as compared to a net loss for the year ended December 31,
1997 of $11,496,000. For the year ended December 31, 1998, the Company
anticipates that income will consist primarily of income from discontinued
operations. The components of net income for 1997 were comprised of income from
operations of $289,000 and a net loss from discontinued operations of
$11,785,000.
Microelectronic Packaging 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: March 30, 1999 By /s/ Denis J. Trafecanty
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Denis J. Trafecanty,
Chief Financial Officer
INSTRUCTIONS: 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).
