-----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, WRDI/FXrdrlYAqxpG9JGmpENgKJUGIYRPa1ED0W2aS3ng1duFXZeRtRu+uFoKz+S OBWOsapAkwoXZPCvIL3OKw== 0000913849-01-500128.txt : 20010815 0000913849-01-500128.hdr.sgml : 20010815 ACCESSION NUMBER: 0000913849-01-500128 CONFORMED SUBMISSION TYPE: NT 10-Q PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20010630 FILED AS OF DATE: 20010814 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SAMES CORP CENTRAL INDEX KEY: 0000012180 STANDARD INDUSTRIAL CLASSIFICATION: GENERAL INDUSTRIAL MACHINERY & EQUIPMENT [3560] IRS NUMBER: 360808480 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: NT 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-01416 FILM NUMBER: 1713466 BUSINESS ADDRESS: STREET 1: 9201 W BELMONT AVE CITY: FRANKLIN PARK STATE: IL ZIP: 60131 BUSINESS PHONE: 8477375970 MAIL ADDRESS: STREET 1: 9201 WEST BELMONT AVENUE CITY: FRANKLIN PARK STATE: IL ZIP: 60131 FORMER COMPANY: FORMER CONFORMED NAME: BINKS MANUFACTURING CO DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: BINKS SAMES CORP DATE OF NAME CHANGE: 19970627 NT 10-Q 1 f12b-25_081401.txt U.S. SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 12b-25 COMMISSION FILE NO. 001-01416 NOTIFICATION OF LATE FILING |_| Form 10-K |_| Form 20-F |_| Form 11-K |X| Form 10-Q |_| Form N-SAR For the Period Ended: JUNE 30, 2001 |_| 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: 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 Full Name of Registrant: SAMES CORPORATION Address of Principal Executive Office: 9201 W. BELMONT AVE. FRANKLIN PARK, IL 60131 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 appropriate box) |X| (a) The reasons described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense; |_| (b) (i) 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 |X| (ii) 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 the reasons why Form 10-K, 11-K, 20-F, 10-Q, N-SAR or the transition report or portion thereof could not be filed within the prescribed time period. (Attach extra sheets if needed.) On May 12, 2001, Sames Corporation (the "Registrant") announced that, due to severe cash flow problems and lack of liquidity, its French subsidiary, Sames, S.A., had determined to file for bankruptcy protection under French law. On July 16, 2001, the Registrant announced that on June 29, 2001, the French bankruptcy court had approved the sale of the assets of Sames, S.A. to Exel Industries, a French industrial company. The sale became effective on July 2, 2001. At March 31, 2001, the assets of Sames, S.A. represented 62.7% of the total assets of the Registrant. Due to delays in obtaining, compiling and verifying certain financial information, data and other information from Sames, S.A., the Registrant has not yet been able to consolidate and finalize its second quarter 2001 financial statements, and will not be able to complete such financial statements by the required filing date of its Form 10-Q report for the quarter ended June 30, 2001. PART IV - OTHER INFORMATION (1) Name, address and telephone number of person to contact in regard to this notification: RONALD A. KOLTZ 9201 W. BELMONT AVE. FRANKLIN PARK, IL 60131 (847) 737-5970 (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 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? |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. The Registrant has incurred significant operating losses in the six month period ended June 30, 2001. The Registrant's total revenues are significantly lower in the first half of 2001 compared to 2000. Revenues have been negatively affected by the proposed ongoing sale process of the Company which began in the later part of 2000 and which was terminated in the middle of the second quarter of 2001. 2 These lower revenues year to date in 2001 and a slower than expected reduction in operating costs have negatively impacted the Registrant's margins and operating income. Due to delays in obtaining, compiling and verifying certain financial information, data and other information from Sames, S.A., the Registrant has not yet been able to consolidate and finalize its second quarter 2001 financial statements, and will not be able to complete such financial statements by the required filing date of its Form 10-Q report for the quarter ended June 30, 2001. The Registrant believes that there is serious doubt as to the ability of Sames North America, Sames Scandinavia and Sames Japan, its other operating subsidiaries, to continue as going concerns. It is likely that each of these companies may not be able to obtain additional capital or generate profitable sales revenue in order to meet its current operating needs. As a result, management could be forced to cease operations. SAMES CORPORATION has caused this notification to be signed on its behalf by the undersigned thereunto duly authorized. By: /s/ Ronald A. Koltz ------------------------------------- Name: Ronald A. Koltz Date: August 14, 2001 Title: Chief Financial Officer 3 -----END PRIVACY-ENHANCED MESSAGE-----