SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 12b-25
Commission File Number 0-24094
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Cusip Number 50179V101
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NOTIFICATION OF LATE FILING
(Check One):
|_| Form 10-K |_| Form 11-K |_| Form 20-F |X| Form 10-Q |_| Form N-SAR
|_| Form 10KSB
For Period Ended: September 30, 2000
[ ] 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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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
LBP, Inc.
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Full Name of Registrant
N/A
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Former Name if Applicable
200 Mamaroneck Avenue
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Address of Principal Executive Office (Street and Number)
White Plains, New York 10601
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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 appropriate box.) |X| Yes |_| No
(a) The reasons described in reasonable detail in Part III of this form
could not be eliminated without unreasonable effort or expense;
(b) The subject annual report, semi-annual report, transition report on
Form 10-K, 20-F, 11-K or N-SAR, or portion thereof, will be filed on
or before the 15th 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
State below in reasonable detail the reasons why Form 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.
In March 2000, Registrant filed an application with the Securities and Exchange
Commission ("SEC") for an order pursuant to Section 3(b)(2) of the Investment
Company Act of 1940, as amended (the '40 Act) declaring that Registrant is not
an investment company. Alternatively, Registrant requested a Section 6(c)
exemption from all provisions of the '40 Act. The application was revised in
May, June and July 2000. Thereafter, the SEC Staff advised Registrant that
neither a Section 3(b)(2) order nor a Section 6(c) exemption could be granted
under the facts and circumstances of Registrant's application. Registrant
continued to discuss with the Staff the manner in which to respond to the
Staff's concerns. Registrant conducted its most recent discussion with the Staff
on November 9, 2000 and, as a result thereof, on November 14, 2000, Registrant's
Board of Directors began consideration of courses of action for Registrant. It
is anticipated that by November 16, 2000, a final decision will be made by
Registrant's Board of Directors. Because the determination of the appropriate
form of periodic report cannot be made until Registrant's Board of Directors
adopts a course of action, Registrant was unable to file its Quarterly Report on
Form 10-Q within the prescribed time period, and will file on or before the
fifth calendar day following the prescribed due date.
<PAGE>
PART IV
OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
Frederic M. Zinn (914) 421-2545
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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
(3) Is it anticipated that any significant change in results of operation for
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.
N/A
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LBP, 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 November 14, 2000 By /s/ Fredric M. Zinn
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Chief Executive Officer
Instruction: 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)
