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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 12b-25
Commission File Number 0-21419
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NOTIFICATION OF LATE FILING
(Check One): Form 10-K X Form 11-K __ Form 20-F __ Form 10-Q __
Form N-SAR __
For Period Ended:__________________ June 30, 1997__________________________
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: ___________________________________________
Read the 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
Full name of registrant NAM Corporation
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Former name if applicable
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Address of principal executive office (street and number)
1010 Northern Boulevard, Suite 336
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City, state and zip code Great Neck, New York 11021
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PART II
RULE 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.)
__(a) The reasons described in reasonable detail in Part III of this form could
not be eliminated without unreasonable effort or expense;
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_X_(b) The subject annual report, semi-annual report, transition report on Form
10-K, 20-F, 11-K or Form 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.
PART III
NARRATIVE
State below in reasonable detail the reasons why Form 10-K, 11-K, 20-F, 10-Q,
N-SAR or the transition report portion thereof could not be filed within the
prescribed time period. (Attach extra sheets if needed.)
For the year ended June 30, 1997, the Company changed auditors from
KPMG Peat Marwick LLP to Grant Thornton LLP. The Company is presently
awaiting for the prior auditors to review Form 10-KSB and to provide
clearance of the re-issuance of their report for the year ended June
30, 1996.
PART IV
OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification:
Patricia A. Giuliani-Rheaume (516) 829-4343
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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 the answer is no,
identify such report(s).
Yes _X_ 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?
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.
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NAM 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
thereunto duly authorized.
Date September 29, 1997 By /s/ Patricia A. Giuliani-Rheaume
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Patricia A. Giuliani-Rheaume
Vice President, Treasurer and CFO
ATTENTION
Intentional misstatements or omissions of fact constitute Federal criminal
violations (see 18 U.S.C. 1001).
GENERAL INSTRUCTIONS
1. This form is required by Rule 12b-25 of the General Rules and Regulations
under the Securities Exchange Act of 1934.
2. One signed original and four conformed copies of this form and amendments
therein must be completed and filed with the Securities and Exchange Commission,
Washington, DC 20549, in accordance with Rule 0-3 of the General Rules and
Regulations under the Act. The information contained in or filed with the form
will be made a matter of the public record in the Commission files.
3. A manually signed copy of the form and amendments thereto shall be filed
with each national securities exchange on which any class of securities of the
registrant is registered.
4. Amendments to the notifications must also be filed on Form 12b-25 but need
not restate information that has been correctly furnished. The form shall be
clearly identified as an amended notification.
5. Electronic Filers. This form shall not be used by electronic filers unable
to timely file a report solely due to electronic difficulties. Filers unable to
submit a report within the time period prescribed due to difficulties in
electronic filing should comply with either Rule 201 or Rule 202 of Regulation
S-T or apply for an adjustment in filing date pursuant to Rule 13(b) of
Regulation S-T.
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PART IV. OTHER INFORMATION - ITEM 3 ATTACHMENT
For the year ended June 30, 1997, the Company had a net loss of ($637,557) as
compared to net income of $135,599 for the year ended June 30, 1996. This change
was primarily due to higher general and adminstrative expenditures as well as
sales and marketing costs incurred as an investment in the Company's
infrastructure in anticipation of future growth. In addition, the current period
was adversely affected by non-recurring charges incurred in connection with the
initial public offering.
