-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Cd0lZ7eVOO0OwyES3+QxMrlapSU5ZgGG/gjumXX6KY61EA5MTSLYr8ZDYY+f5/VF LxLOP0UdptD2/gLHAdaKkQ== 0001047469-08-007067.txt : 20080530 0001047469-08-007067.hdr.sgml : 20080530 20080530143517 ACCESSION NUMBER: 0001047469-08-007067 CONFORMED SUBMISSION TYPE: NT 10-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20080229 FILED AS OF DATE: 20080530 DATE AS OF CHANGE: 20080530 EFFECTIVENESS DATE: 20080530 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MEADE INSTRUMENTS CORP CENTRAL INDEX KEY: 0001032067 STANDARD INDUSTRIAL CLASSIFICATION: OPTICAL INSTRUMENTS & LENSES [3827] IRS NUMBER: 952988062 STATE OF INCORPORATION: DE FISCAL YEAR END: 0228 FILING VALUES: FORM TYPE: NT 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-22183 FILM NUMBER: 08870062 BUSINESS ADDRESS: STREET 1: 6001 OAK CANYON CITY: IRVINE STATE: CA ZIP: 92618 BUSINESS PHONE: 9494511450 MAIL ADDRESS: STREET 1: 6001 OAK CANYON CITY: IRVINE STATE: CA ZIP: 92618 NT 10-K 1 a2186044znt10-k.htm NT 10-K

    UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 12b-25

NOTIFICATION OF LATE FILING
 
SEC FILE NUMBER
0-22183

CUSIP NUMBER
583062104


(Check one):

 

ý Form 10-K

 

o Form 20-F

 

o Form 11-K

 

o Form 10-Q

 

o Form N-SAR

 

o Form N-CSR

 

 

 

 

 

 

 

 

 

 

 

 

 
    For Period Ended:   February 29, 2008
   
    o Transition Report on Form 10-K    
    o Transition Report on Form 20-F    
    o Transition Report on Form 11-K    
    o Transition Report on Form 10-Q    
    o Transition Report on Form N-SAR    
    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

 

 

Meade Instruments Corp.
Full Name of Registrant

 

 


Former Name if Applicable

 

 

6001 Oak Canyon
Address of Principal Executive Office (Street and Number)

 

 

Irvine, CA 92618
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)


 

 

(a)

 

The reason described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense;
ý   (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 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 why Forms 10-K, 20-F, 11-K, 10-Q, N-SAR, N-CSR, or the transition report or portion thereof, could not be filed within the prescribed time period.

Management of Meade Instruments Corp. (the "Company") is in the process of finalizing the financial statements and related disclosures to be included in the Company's Annual Report on Form 10-K for the fiscal year ended February 29, 2008. As previously disclosed and subsequent to the end of the Company's fiscal year, the Company sold its Redfield and Weaver brand names for an aggregate sales price of $8,000,000. As a result of such assets sales and other factors, the Company is in the process of amending its fiscal covenants and agreements. The Company was in compliance with its financial covenants as of February 29, 2008. This process has caused delays in the final preparation and filing of the Company's Annual Report on Form 10-K for the fiscal year ended February 29, 2008. This delay in filing the Company's Annual Report on Form 10-K on a timely basis is not due to any change in or disagreement with the Company's independent accountants.

(Attach extra Sheets if Needed)

SEC 1344 (07-03)

 

Persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

PART IV — OTHER INFORMATION

(1)   Name and telephone number of person to contact in regard to this notification

 

 

 

 

 

 

 
    Paul E. Ross
(Name)
  949
(Area Code)
  451-1450
(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).

 

 

 

 

 

 

ý Yes        o 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?
            ý Yes        o 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.

 

 

The Company expects to report that its net sales were approximately $98.5 million for the fiscal year ended February 29, 2008 compared to $101.5 million for the same period last year. The Company also expects to report a net loss of approximately $16.6 million to $17.5 million (or $0.76 to $0.80 per share) for the fiscal year ended February 29, 2008 compared to a net loss of $19.2 million (or $0.98 per share) in the 2007 fiscal year.

 

 





 

 

 

 

 

 
        Meade Instruments Corp.
(Name of Registrant as Specified in Charter)
   

has caused this notification to be signed on its behalf by the undersigned hereunto duly authorized.


Date

 

May 29, 2008

 

By

 

/s/ Paul E. Ross, SVP—Finance and CFO
   
     

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 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).




-----END PRIVACY-ENHANCED MESSAGE-----