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U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SEC FILE NUMBER
000-24210
FORM 12B-25
NOTIFICATION OF LATE FILING
(Check One):
CUSIP NUMBER
026651-10-9
[X] Form 10-K [ ] Form 20-F [ ] Form 11-K
[ ] Form 10-Q [ ] Form N-SAR
For Period Ended: June 30, 2000
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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 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.
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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:
PART I - REGISTRANT INFORMATION
American Homestar Corporation
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Full Name of Registrant
N/A
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Former Name if Applicable
2450 South Shore Blvd., Suite 300
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Address of Principal Executive Office (Street and Number)
League City, Texas 77573
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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 unreasonable effort or expense
and the registrant seeks relief pursuant to Rule 12b-25(b), the following should
be completed. (Check box if appropriate)
[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, 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 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.
American Homestar Corporation (the "Company") will not file its Annual Report on
Form 10-K for the year ended June 30, 2000 (the "2000 10-K") with the Securities
and Exchange Commission (the "Commission") on a timely basis.
The Company is involved in discussions with its senior note holders regarding
establishing debt covenants that the Company expects to be able to maintain
compliance with throughout fiscal 2001. Without such an agreement, the Company
would be required to reclassify senior debt from long-term to short-term which
could have an effect on other debt financing arrangements.
It is expected that the result of these ongoing discussions will be known
shortly after the September 28, 2000 filing date for the 2000 10-K. The Company
will file the 2000 10-K within the 15 calendar days allowed by the Rule 12b-25
extension.
PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification.
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Craig A. Reynolds (713) 334-9702
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(Name) (Area Code) (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 statement to be included in the subject
report or portion thereof?
[X] Yes [ ] No
The Company will report a loss of $47,591,000 for the year ended June 30, 2000
as compared to net income of $17,941,000 for the year ended May 31, 1999.
American Homestar 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: September 28, 2000 By: /s/ Craig A. Reynolds
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Title: Secretary
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