-----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, H/DI7K6jdhVzTP9uAbPrrG2RQpaKsk5gfMwrQh60K84cUZQliPyve3+JQ/QmvUPN TBmiss5mea+ImH2yPIJzSw== 0001176256-09-001053.txt : 20091117 0001176256-09-001053.hdr.sgml : 20091117 20091117170721 ACCESSION NUMBER: 0001176256-09-001053 CONFORMED SUBMISSION TYPE: NT 10-Q PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20090930 FILED AS OF DATE: 20091117 DATE AS OF CHANGE: 20091117 EFFECTIVENESS DATE: 20091117 FILER: COMPANY DATA: COMPANY CONFORMED NAME: LEXINGTON PRECISION CORP CENTRAL INDEX KEY: 0000012570 STANDARD INDUSTRIAL CLASSIFICATION: FABRICATED RUBBER PRODUCTS, NEC [3060] IRS NUMBER: 221830121 STATE OF INCORPORATION: DE FISCAL YEAR END: 0814 FILING VALUES: FORM TYPE: NT 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 000-03252 FILM NUMBER: 091191144 BUSINESS ADDRESS: STREET 1: 767 THIRD AVE 29TH FL CITY: NEW YORK STATE: NY ZIP: 10017 BUSINESS PHONE: 2123194657 MAIL ADDRESS: STREET 1: 30195 CHAGRIN BLVD STREET 2: SUITE 208W CITY: CLEVELAND STATE: OH ZIP: 44124-5755 FORMER COMPANY: FORMER CONFORMED NAME: BLASIUS INDUSTRIES INC DATE OF NAME CHANGE: 19890116 NT 10-Q 1 lexingtonnt10qsept.htm NOTIFICATION OF LATE FILING Lexington Precision Corporation - Form 12b-25


UNITED STATES

OMB APPROVAL

SECURITIES AND EXCHANGE COMMISSION


OMB Number:


3235-0058


Expires:

May 31, 2012

Estimated average burden

hours per response: 2.50

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-Q  [  ] Form 10D  [  ] Form N-SAR [  ] Form N-CSR

 

For Period Ended:       September 30, 2009

 

 

 

[_]  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


SEC File No.

000-03252


CUSIP NO.

529529109

For the Transition Period Ended: _________________________________

 


Read Instruction (on back page) Before Preparing Form. Please Print or Type
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


Lexington Precision Corporation


Full Name of Registrant




Former Name if Applicable


800 Third Avenue, 15th Floor


Address of Principal Executive Office (Street and Number)


New York, New York 10022


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 reasons 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 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.  

(Attach extra Sheets if Needed)


The Registrant is unable to file its Quarterly Report on Form 10-Q for the period ended September 30, 2009, within the prescribed time period without unreasonable effort and expense due to the additional demands placed on its accounting professionals because the Company, on April 1, 2008, filed a voluntary petition for relief under chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the Southern District of New York. The Company intends to file the Form 10-Q as soon as reasonably practicable.



PART IV

OTHER INFORMATION


(1)

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

 

 

Dennis J. Welhouse

(216)

591-1073

 

(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).                    
[ 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.

Net sales for the three-month period ended September 30, 2009, were $16,648,000, compared to net sales of $17,871,000 for the three-month period ended September 30, 2008. Income from operations for the three-month period ended September 30, 2009, was approximately $1,100,000, compared to income from operations of $436,000 for the three-month period ended September 30, 2008. Net sales for the nine-month period ended September 30, 2009, were $46,190,000, compared to net sales of $59,223,000 for the nine-month period ended September 30, 2008. Income from operations for the nine-month period ended September 30, 2009, was approximately $700,000, compared to income from operations of $3,630,000 for the nine-month period ended September 30, 2008. The decrease in net sales in the three-month period ended September 30, 2009, was primarily the result of a decline in net sales of automotive components used by original equipment manufacturers and medical components used by medical device manufacturers. The decrease in net sales in the nine-month period ended September 30, 2009, was primarily the result of a decline in net sales of automotive components used by original equipment manufacturers. The increase in income from operations during the three-month period ended September 30, 2009, was primarily due to improved operating efficiencies at the Rubber Group and the Metals Group and a reduction in general and administrative expenses.  The decrease in income from operations during the nine-month period ended September 30, 2009, was primarily due to the reduction in net sales, offset by improved operating efficiencies at the Rubber Group and the Metals Group and a reduction in general and administrative expenses.



Lexington Precision Corporation

(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 17, 2009        

         

By:

/s/ Dennis J. Welhouse                             

Name:

Dennis J. Welhouse

Title:

Senior Vice President & CFO




ATTENTION


Intentional misstatements or omissions of fact constitute Federal Criminal Violations (see 18 U.S.C. 1001).




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