0001144204-17-057812.txt : 20171109 0001144204-17-057812.hdr.sgml : 20171109 20171109170128 ACCESSION NUMBER: 0001144204-17-057812 CONFORMED SUBMISSION TYPE: NT 10-Q PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20170930 FILED AS OF DATE: 20171109 DATE AS OF CHANGE: 20171109 EFFECTIVENESS DATE: 20171109 FILER: COMPANY DATA: COMPANY CONFORMED NAME: LORAL SPACE & COMMUNICATIONS INC. CENTRAL INDEX KEY: 0001006269 STANDARD INDUSTRIAL CLASSIFICATION: RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT [3663] IRS NUMBER: 870748324 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: NT 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-14180 FILM NUMBER: 171191715 BUSINESS ADDRESS: STREET 1: 600 FIFTH AVE STREET 2: 16TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10020 BUSINESS PHONE: 2126971105 MAIL ADDRESS: STREET 1: 600 FIFTH AVE STREET 2: 16TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10020 FORMER COMPANY: FORMER CONFORMED NAME: LORAL SPACE & COMMUNICATIONS LTD DATE OF NAME CHANGE: 19960124 NT 10-Q 1 tv479087_nt10q.htm NT 10-Q

 

 

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UNITED STATES
SECURITIES AND EXCHANGE

COMMISSION
Washington, D.C. 20549

OMB Number: 3235-0058
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  FORM 12b-25 SEC FILE NUMBER
   
     
    CUSIP NUMBER
  NOTIFICATION OF LATE FILING  

  

(Check one): ¨ Form 10-K                 ¨ Form 20-F                 ¨ Form 11-K                 x Form 10-Q                 ¨ Form 10-D
¨ Form N-SAR             ¨ Form N-CSR
   
  For Period Ended: September 30, 2017
¨ 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:

 

 

 

PART I — REGISTRANT INFORMATION

 

 
Loral Space & Communications Inc.
Full Name of Registrant
 
 
Former Name if Applicable
 
600 Fifth Avenue
Address of Principal Executive Office (Street and Number)
 
New York, New York 10020
City, State and Zip Code

 

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 reason described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense;
(b) The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, Form 11-K, Form N-SAR or Form N-CSR, or portion thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report or transition report on Form 10-Q or subject distribution report on Form 10-D,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 Forms 10-K, 20-F, 11-K, 10-Q, 10-D, N-SAR, N-CSR, or the transition report or portion thereof, could not be filed within the prescribed time period.

 

The Registrant is unable to complete its review and preparation of its Form 10-Q in a timely manner because of unanticipated delays resulting from the identification of a deficiency in its internal disclosure controls and procedures that is being addressed. The identified deficiency does not affect the accuracy of the Company’s historical financial statements and is not expected to impact the presentation of the third quarter financial statements.

  

PART IV — OTHER INFORMATION

 

(1) Name and telephone number of person to contact in regard to this notification
 
  John Capogrossi   (212)   338-5355 
  (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).
 
  Yes  x     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.

 

We anticipate that income from continuing operations will be $24.5 million and $93.7 million for the three and nine months ended September 30, 2017, respectively, and will have increased by $28.3 million and $34.0 million from the same periods in the prior year. These anticipated increases are the result of an increase in equity in net income of our equity method investment, Telesat Canada, net of income tax expense, primarily due to higher foreign exchange gains during 2017.

 

Loral Space & Communications Inc.

 

(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 9, 2017   By: /s/ John Capogrossi  
        Name: John Capogrossi  
        Title: Vice President, Chief Financial Officer & Treasurer