U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12B-25
COMMISSION FILE NUMBER 0-23337
NOTIFICATION OF LATE FILING
(Check One):
[X] Form 10-K [ ] Form 10-Q
[ ] Form 11-K [ ] Form N-SAR
[ ] Form 20-F
For Period Ended: DECEMBER 31, 1997
[ ] Transition Report on Form 10-K [ ] Transition Report on Form 10-Q
[ ] Transition Report on Form 11-K [ ] Transition Report on Form N-SAR
[ ] Transition Report on Form 20-F
For 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:
Items 10, 11, 12, and 13
PART I - REGISTRANT INFORMATION
Full Name of Registrant: SportsLine USA, Inc.
Former Name if Applicable: _____________________________________________________
Address of Principal Executive Office (Street and Number):
6340 N.W. 5th Way
City, State and Zip Code: Fort Lauderdale, Florida 33309
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PART II - RULE 12B-25(B) AND (C)
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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;
(b) The subject annual report or portion thereof will be filed on
[X] or before the 15th calendar day following the prescribed due
date; or the subject quarterly report 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
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State below in reasonable detail the reasons why the Form 10-K, 11-K, 20-F, 10-Q
or N-SAR or the transition report or portion thereof could not be filed within
the prescribed time period. (Attach extra sheets if needed.)
The Company is finalizing its Proxy Statement for its 1998 Annual
Meeting, which will contain the information required to be filed in response to
Items 10, 11, 12, and 13 of Form 10-K. The Company is in the process of
verifying certain of such information, including the report of the Compensation
Committee of the Board Of Directors concerning executive compensation and the
ownership of Company common stock by certain beneficial owners, but has been
unable to do so within the prescribed time period because the persons
responsible for such information have not been available for this purpose.
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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:
Kenneth W. Sanders (954) 351-2120
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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 the 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?
[ ] 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.
SportsLine USA, Inc.
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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.
Date: April 30, 1998 By: /s/ KENNETH W. SANDERS
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Name: Kenneth W. Sanders
Title: Chief Financial Officer
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