FORM 12b-25
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
[X] Form 10-K
For the fiscal year ended October 31, 1997
Commission File Number 1-6797
Part I - Registrant Information
TEXFI INDUSTRIES, INC.
(Exact name of registrant as specified in charter)
Delaware 56-0795032
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
5400 Glenwood Avenue, Suite 215, Raleigh, NC 27612
(Address of principal executive offices) (ZIP Code)
Registrant's telephone number, including area code (919) 783-4736
Securities registered pursuant to Section 12(b) of the Act:
NAME OF EACH EXCHANGE ON
TITLE OF EACH CLASS WHICH REGISTERED
Common Stock, par value $1.00 per share New York Stock Exchange, Inc.
8-3/4% Senior Subordinated Debentures
due August 1, 1999 New York Stock Exchange, Inc.
Part II -Rules 12b-25 (b) and (c)
The subject annual report on Form 10-K will be filed on or before the 15th
calendar day following the prescribed due date.
Part III - Narrative
Registrant requested via letter dated January 22, 1998, that the U.S. Securities
and Exchange Commission not require the Registrant's inclusion in its Annual
Report on Form 10-K for the year ended October 31, 1997, the audited financial
statements of Rival Sport, LLC an unconsolidated joint venture in which the
Company had a 50% ownership interest at October 31, 1997 whose financial
statements are required pursuant to Rule 3-09 of Regulation S-X. Registrant sold
its ownership interest in Rival Sport, LLC on December 18, 1997. As of
Registrant's prescribed filing date January 29, 1998, Registrant has not
received a response from the U.S. Securities and Exchange Commission regarding
Registrant's request.
In addition, Registrant engaged new counsel in the course of its preparation of
subject report. The coordination of such new counsel's advice with that of
Registrant's independent auditors with respect to subject report has delayed
Registrant in the preparation of such report, which delay could not have been
avoided without unreasonable effort and expense.
Part IV - Other Information
Name and telephone number of person to contact in regard to this notification:
Dane L. Vincent, Chief Financial Officer, Vice President-Finance, and Treasurer
(919) 783-4740 Extension 123
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Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for such shorter period that the registrant was
required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days. Yes [X] No [ ]
Indicate by check mark whether the registrant anticipates 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. Yes [ ] No [X]
TEXFI INDUSTRIES, INC.
(Exact name of registrant as specified in charter)
Has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.
s/Dane L. Vincent Chief Financial Officer January 29, 1998
- - ----------------- and Treasurer (Principal
Dane L. Vincent Accounting Officer)
