UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12B-25
SEC FILE NUMBER
0-23538
CUSIP NUMBER
620071 10 0
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: March 31, 1999
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[ ] 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:
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READ INSTRUCTION (ON BACK PAGE) 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
Motorcar Parts & Accessories, Inc.
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Full Name of Registrant
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Former Name if Applicable
2727 Maricopa Street
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Address of Principal Executive Office (STREET AND NUMBER)
Torrance, California 90503
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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 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 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 Forms 10-K, 20-F, 11-K, 10-Q,
N-SAR, or the transition report or portion thereof, could not be filed within
the prescribed time period.
The Form 10-K could not be filed within the prescribed time period
due to the Registrant's inability to obtain certain of the necessary
information to complete the preparation of its financial statements on
a timely basis, and accordingly finalize its audited financial
statements required in the Form 10-K.
<PAGE>
PART IV -- OTHER INFORMATION
1. Name and telephone number of person to contact in regard to this
notification
David Chaimowitz 310 212-7910
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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 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? [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 results cannot be made.
See Attachment
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Motorcar Parts & Accessories, 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
hereunto duly authorized.
Date June 29, 1999 By /s/ David Chaimowitz
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David Chaimowitz
Chief Financial Officer
<PAGE>
ATTACHMENT TO PART IV OF FORM 12b-25 OF
MOTORCAR PARTS & ACCESSORIES, INC.
As previously reported on its Current Report on Form 8-K and
press release, both dated May 24, 1999, the Registrant expects to report a
significant loss for the fourth quarter of its fiscal year ended March 31, 1999
and anticipates that it may report a loss for the entire fiscal year. These
results would represent a significant change in results of operations from the
prior fiscal year, in which the Registrant reported net income of $6,602,000.
Certain matters discussed in this notification are
forward-looking statements, as defined in the Private Securities Litigation
Reform Act of 1995. Such forward-looking statements are subject to a number of
known and unknown risks and uncertainties including, but not limited to: the
outcome of the audit for the fiscal year ended March 31, 1999; uncertainty as to
the Registrant's profitability; the Registrant's ability to develop and
implement operational and financial systems to manage growing operations;
competition in the Registrant's existing and potential future lines of business;
the Registrant's ability to obtain financing on acceptable terms to finance the
Registrant's business and for the Registrant to operate within the limitations
imposed by financing arrangements; and other factors. Other factors and
assumptions not identified above were also involved in the derivation of these
forward-looking statements, and the failure of such other assumptions to be
realized as well as other factors may also cause actual results to differ
materially from those projected. The Registrant assumes no obligation to update
these forward-looking statements to reflect actual results, changes in
assumptions or changes in other factors affecting such forward-looking
statements.
