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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
Commission File Number: 0-26874
NOTIFICATION OF LATE FILING
(CHECK ONE): / / Form 10-KSB / / Form 11-K / / Form 20-F /X/ Form 10-QSB
For Period Ended: May 2, 1998
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/ / 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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Nothing in this form shall be construed to imply that the commission has
verified any information contained herein.
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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
International Cutlery, Ltd.
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Full Name of Registrant
N/A
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Former Name if Applicable
127 West 25th Street
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Address of Principal Executive Office (Street and Number)
New York, New York 10001
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City, State and Zip Code
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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)
/X/ (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 on Form 10-QSB, 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 the subject annual report on
Form 10-QSB could not be filed within the prescribed time period.
The Company is unable to file its form 10-QSB within the prescribed period due
to ministerial difficulties without unreasonable effort or expense. The
Company was unable to complete its financial statements by the 45th day after
the Company's fiscal quarter end. The absence of the completed financial
statements prevents the Company from filing the balance of the report because
such financial statements are integral to the balance of the report. The
Company fully expects to be able to file within the additional time allowed
by this report.
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PART IV -- OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
James G. Smith (212) 752-9700
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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
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(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.
International Cutlery, Ltd. has caused this notification to be signed on
its behalf by the undersigned thereunto duly authorized.
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(Name of Registrant as Specified in Charter)
Date: June 15, 1998 By /s/ JOEL J. SILVER
Joel J. Silver
President and
Chief Executive Officer
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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).
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