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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
(Check One):
[ ] Form 10-K [ ] Form 20-F [ ] Form 11-K [X] Form 10-QSB [ ]Form N-SAR
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SEC FILE NUMBER: 0-17893
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CUSIP NUMBER: 879698306
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For Period Ended: September 30, 1996
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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:
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
Full Name of Registrant: Teltronics, Inc.
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Former Name if Applicable:
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Address of Principal Executive Office
(Street and Number): 2150 Whitfield Industrial Way
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City, State and Zip Code: Sarasota, Florida 34243
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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)
(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.
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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 hereof, could not be filed
within the prescribed time period.
The Form 10-QSB cannot be filed within the prescribed time period due to
the additional financial information to be included in the Report by
reason of the closing of the acquisition of substantially all of the
assets of Shared Resource Exchange, Inc. as reported in the Report on
Form 8-K filed on October 4, 1996.
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PART IV - OTHER INFORMATION
(l) Name and telephone number of person to contact in regard to this
notification:
Ewen R. Cameron (941) 753-5000
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(Name) (Area Code and Telephone Number)
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(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 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.
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TELTRONICS, 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
hereunto duly authorized.
Date: November 15, 1996 By: Ewen R. Cameron
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Form 12b-25
Notification of Late Filing by
Teltronics, Inc. of Quarterly Report
on Form 10-QSB
PART IV - OTHER INFORMATION
Item (3)
The Registrant expects there will be a net loss of approximately
$(203,000) compared to net income of approximately $301,000 for the three
month period ended September 30, 1996 and September 30, 1995 respectively, on
sales of approximately $7,000,000 compared to $5,500,000 for the same period
of 1995. Although General and Administrative and Selling and Marketing
expenses associated with the Registrant's operations increased due in part to
AT Supply, Inc., (the Registrant's majority owned subsidiary which is engaged
in wholesale distribution of telecommunications equipment) the increase is
primarily due to increased expenses associated with the Registrant's
investment in Interactive Solutions, Inc. (the voice driven, interactive,
multimedia computer business acquired during the second quarter.)
Net loss for the nine month period will be approximately $(340,000),
compared to net income of $522,000 for the same period of 1995 on sales of
approximately $20,370,000 for the nine month period ended September 30, 1996
compared to $16,800,000 for the same period of 1995.
