UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12B-25
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SEC FILE NUMBERS
33-94996
NOTIFICATION OF LATE FILING
CUSIP NUMBER
46623YAA3
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(CHECK ONE): [ ] Form 10-K and Form 10-KSB
[ ] Form 20-F
[ X ] Form 11-K
[ ] Form 10-Q and Form 10-QSB
[ ] Form N-SAR
For Period Ended: December 31, 1996
[ ]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: ___________________
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
SAVINGS, INVESTMENT AND PROFIT SHARING PLAN
OF JPS AUTOMOTIVE L.P.
Full Name of Registrant
Former Name if Applicable
701 McCullough Drive
Address of Principal Executive Officer (Street and Number)
Charlotte, North Carolina 28262
City, State and Zip Code
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PART II - RULES 12B-25(B) AND (C)
If the subject report could not be filed without reasonable 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, 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 the 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 time period. (Attach Extra
Sheets if Needed).
On December 11, 1996, Collins & Aikman Products Co. ("C&A") acquired all of the
outstanding equity of the Registrants. Also on December 11, 1996, C&A completed
an acquisition of the North American, Spanish and United Kingdom operations of
Perstorp AB. In addition, on February 6, 1997, C&A completed the disposition
of its Floorcoverings business. The directors, officers and financial and legal
personnel of C&A (some of whom are now officers of the Registrants) continue to
direct substantial attention to various post-closing and integration issues
arising from these transactions. These efforts have diverted those persons from
the task of completing and finalizing their review of the Registrants' Report on
Form 11-K for the Savings, Investment and Profit-Sharing Plan of JPS Automotive
L.P. for the period ended December 31, 1996. In addition, in connection with the
Registrants' acquisition by C&A, the Registrants have experienced certain
reductions of personnel involved in the preparation of the Registrants' Report
on Form 11-K. The foregoing has rendered the Registrants unable to file their
Form 11-K by June 30, 1997.
PART IV - OTHER INFORMATION
(1) Name and telephone number of person, to contact in regard to this
notification
John F. Grossbauer (704) 548-2351
(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
2
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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?
[ ]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.
SAVINGS, INVESTMENT AND PROFIT SHARING
PLAN OF JPS AUTOMOTIVE
(Name of Registrants as Specified in Charter)
have caused this notification to be signed on their behalf by the undersigned
hereunto duly authorized.
SAVINGS, INVESTMENT AND PROFIT SHARING
PLAN OF JPS AUTOMOTIVE
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June 30, 1997 By: /s/ J. Michael Stepp By: /s/ J. Michael Stepp
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Date J. Michael Stepp J. Michael Stepp
Executive Vice President Executive Vice President
& Chief Financial Officer & Chief Financial Officer
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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.
