Form 12b-25
U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
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: June 30, 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: ..............................................
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Nothing in this form shall be construed to imply that the Commission
has verified any information contained herein.
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If the notification relates to a portion of the filing checked above,
identify the Item(s) to which the notification relates:
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Part I - Registrant Information
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Childrobics, Inc.
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(Full name of Registrant)
New York 11-3163443
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(state or other jurisdiction of (I.R.S. Employer Identification No.)
incorporation or organization)
200 Smith Street
Farmingdale, New York 11735
(516) 694-0999
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(address and telephone number of Registrant's
principal executive offices)
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Childrobics, Inc.
200 Smith Street
Farmingdale, New York 11735
(516) 694-0999
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(Name, address and telephone number of agent for service)
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Part II - Rules 12b-25(b) and (c)
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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.
[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 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
[ ] (c) The accountant's statement or other exhibit required by Rule 12b-25(c)
has been attached if applicable.
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Part III - Narrative
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The registrant is unable to file the subject annual report on Form 10-K in a
timely manner without unreasonable effort or expense due to the fact that three
of the registrant's executive officers, including the Chief Executive Officer,
President and Chief Financial Officer and Executive Vice President, pursuant to
an Employment Termination and Option Termination Agreement dated as of July 3,
1996, filed as Exhibit 1 to the registrant's Current Report on Form 8-K having a
report date of July 3, 1996, will be resigning and new management is attempting
to obtain the appropriate information necessary to file the Form 10-K.
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Part IV - Other Information
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(1) Name and telephone number of person to contact in regard to this
notification
.........Josef B. Volman.......................(212) 661-6500..................
(Name) (Telephone Number)
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(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
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.
..........................see attached...............................
CHILDROBICS, INC.
has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.
Date ...October 1, 1996................... By /s/ Richard Bartlett............
Richard Bartlett
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ATTENTION
Intentional misstatements or omissions of fact constitute Federal Criminal
Violations (See 18 U.S.C. 1001).
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EXPLANATION OF ANTICIPATED CHANGE IN RESULTS OF OPERATIONS
The registrant expects to record losses in excess of $9,000,000 for the
fiscal year ended June 30, 1996 and, in addition, expects to record a write-down
or disposition of a significant portion of the registrant's assets. Since such
dispositions have not yet been consummated, the registrant is unable to make a
reasonable estimate of the amount of any such write-down or disposition.
This Notice of Late Filing on Form 12b-25 contains forward-looking
statements. The registrant's actual results could differ materially from the
results discussed in the forward-looking statements.
