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FORM 12b-25
U.S. Securities and Exchange Commission
Washington, D.C. 20549
FORM 12-b-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 December 31, 1996
______________________________________________________________________________
If the notification relates to a portion of the filing checked above,
identify the Item(s) to which the notification relates: All Items
______________________________________________________________________________
PART I-REGISTRANT INFORMATION
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Full Name of Registrant: Austins Steaks & Saloon, Inc.
Address of Principal Executive Office: 6940 "O" Street, Suite 334,
Lincoln, Nebraska 68510
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PART II-RULES 12b-25(b) AND (c)
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[X] The Registrant's Annual Report on Form 10-K will be filed on or before
the 15th calendar day following March 31, 1997 the prescribed due date of the
filing.
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PART III-NARRATIVE
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State below in reasonable detail the reasons why Form 10-K or the transition
report or portion thereof could not be filed within the prescribed time
period: The Registrant's Certified Public Accountants, Coopers & Lybrand,
Lincoln, Nebraska, has informed the Company that it cannot complete its audit
work and render its opinion on the financial statements for the year ended
December 31, 1996 within the prescribed time period.
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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: Tish Gade-Jones (402) 466-2333
(2) Have all other periodic reports required under Section 13 or 15(d)
of the Securities Exchange Act of 1934 or Section 30 of 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 yes, need an explanation of the anticipated change both narratively and
quantitatively]
It is expected that the net loss from operations will increase from
approximately $500,000 for the year ended December 31, 1995 to approximately
$1,500,000 for the year ended December 31, 1996.
Austins Steaks and Saloon, Inc.
_______________________________________________________________________________
(Name of Registrant as specified in charter)
has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.
Date March 26, 1997 By S/ Tish Gade-Jones, Chief Financial Officer
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INSTRUCTION: This 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.
