UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SEC FILE NUMBER
FORM 12b-25 0-25506
CUSIP NUMBER
NOTIFICATION OF LATE FILING 693934101
(Check One): 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:
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 veri-
fied 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: PST VANS, INC.
Former Name if Applicable:
Address of Principal Executive Office (Street and Number): 1901 West 2100 South
City, State and Zip Code: Salt Lake City, UT 84119
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 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 Forms 10-K and 10-KSB, 20-F,
11-K, 10-Q and 10-QSB, N-SAR or the transition report or portion thereof,
could not be filed within the prescribed time period.
The Company has been negotiating with the Bank of New York (the "Bank") re-
garding an amendment to the Company's revolving credit agreement with the
Bank. The results of such negotiations impact the Company's disclosures in
its reports and financial statements because the Company would have been in
default under the credit agreement if the Company was not able to negotiate
an appropriate amendment. The negotiation process also significantly limited
the amount of time the Company's officers had to prepare the Form 10-K. The
amendment was not finalized until March 21, 1997, which did not allow suffi-
cient time before the due date to prepare/revise information for the 10-K to
accurately reflect the terms of the amendment.
PART IV OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this notifica-
tion:
Neil Vos (801) 975-2500
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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 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.
As previously reported in the Company's press release dated February 3, 1997,
the Company incurred net losses of $5,860,765 for the year ended December 31,
1996 as compared to net income of $383,649 for the year ended December 31,
1995. The Company also had lower revenues in 1996 as compared to 1995
($147,418,904 in 1996 compared to $164,794,366 in 1995).
PST Vans, Inc. has caused this notification to be signed on its behalf by the
undersigned hereunto duly authorized.
Date________________ By____________________________________________
Neil Vos, Chief Financial 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 represen-
tative (other than an executive officer), evidence of the representative's
authority to sign on behalf of the registrant shall be filed with the form.
<PAGE>
ATTENTION
Intentional mis-statements or omissions of fact constitute Federal Criminal
Violations (See 18 U.S.C. 1001).
GENERAL INSTRUCTIONS
1. This form is required by Rule 12b-23 (17 CFR 240.12b-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
thereto must be completed and filed with the Securities and Exchange
Commission, Washington, D.C. 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 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 diffi-
culties in electronic filing should comply with either Rule 201 or Rule 202
of Regulation S-T (Section 232.201 or 232.202 of this chapter) or apply
for an adjustment in filing date pursuant to Rule 13(b) of Regulation S-T
(Section 232.13(b) of this chapter.)
