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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 12b-25
SEC File Number 33-92496
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NOTIFICATION OF LATE FILING
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(Check One): [_] Form 10-K [_] Form 11-K [_] Form 20-F [X] Form 10-Q [_] Form N-SAR
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For Period Ended: JULY 31, 1999
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[ ] 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:_______________________________________________
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 GULF STATES STEEL, INC. OF ALABAMA
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Former name if applicable_______________________________________________________
174 South 26/TH/ STREET
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Address of principal executive office (Street and number)
City, State and Zip Code GADSDEN, ALABAMA 35904-1935
________________________________________________________
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;
[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
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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.)
SEE EXHIBIT A ATTACHED HERETO AND INCORPORATED HEREIN BY REFERENCE
PART IV. OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
JAMES GRIMM (256) 543-6201
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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 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: attached 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.
GULF STATES STEEL, INC. OF ALABAMA
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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.
SEPTEMBER 14, 1999 /s/ JAMES GRIMM
________________________ ______________________________
Date: By: Senior Vice President and
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
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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).
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
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 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 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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EXHIBIT A
FORM 12b-25, NOTIFICATION OF LATE FILING
OF
GULF STATES STEEL, INC. OF ALABAMA
PART III. NARRATIVE
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The Registrant changed its independent accountants on September 2, 1999.
PART IV. OTHER INFORMATION
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(3) As previously disclosed on Form 8-K dated July 15, 1999, on July 1, 1999,
the Registrant filed a voluntary petition seeking to reorganize under
Chapter 11 of the United States Bankruptcy Code in the United States
Bankruptcy Court for the Northern District of Alabama. The Registrant's
operating results for the first three fiscal quarters of 1999 were severely
affected, by among other things, a dramatic increase in steel imports. As
a consequence of record-high levels of low-priced foreign imports and the
resultant deteriorating market conditions, the Registrant's overall price
for its products and shipments declined. The Registrant will continue to
incur a loss in the current fiscal quarter.
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