UNITED STATES
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: December 31, 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:
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
KTI, Inc
Full Name of Registrant
Former Name if Applicable
7000 Boulevard East
Address of Principal Executive Office (Street and Number)
Guttenberg, New Jersey 07093
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 box if appropriate)
(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, 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 of 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 Forms 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.
The registrant is unable to file its Annual Report on Form 10-K within the
prescribed time period due to delays in Edgarization of the filing because
of the heavy volume of Edgarization work at the registrant's financial
printer. While the registrant had in essence completed the report by March
28, 1997 it does not expect to receive the Edgarized version until April 2,
1997.
PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
Brian Hoffmann, Esq. 212 547-5427
(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 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.
For the year ended December 31, 1996, the financial statements of the
registrant will reflect several differences as compared to the
financial statements for the year ended December 31, 1995, including a
net income of $13,666,352 as compared to a net loss of ($1,331,494)
for the year ended December 31, 1995, an increase in total revenues of
$30,425,412 and a decrease in total costs and expenses of $5,152,554
in each case as compared to 1995.
SIGNATURES
KTI, Inc. has caused this notification to be signed on its behalf by the
undersigned hereunto duly authorized.
KTI, INC.
Date: March 31, 1997 By: /s/ Nicholas Menonna, Jr.
Name: Nicholas Menonna, Jr.
Title: Chairman of the Board,
and Chief Executive Officer
