-----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, EfcnwxWhVWJE1MKvZJz+1CNsOnqKTOcFpaLSMRD+sl3aWoh2R8TZPjcUdm39uV1l z1g9OTz73FFwA15+w+I7CQ== 0000950153-99-000397.txt : 19990403 0000950153-99-000397.hdr.sgml : 19990403 ACCESSION NUMBER: 0000950153-99-000397 CONFORMED SUBMISSION TYPE: NT 10-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19981231 FILED AS OF DATE: 19990401 FILER: COMPANY DATA: COMPANY CONFORMED NAME: STUART ENTERTAINMENT INC CENTRAL INDEX KEY: 0000355142 STANDARD INDUSTRIAL CLASSIFICATION: GAMES, TOYS & CHILDREN'S VEHICLES (NO DOLLS & BICYCLES) [3944] IRS NUMBER: 840402207 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: NT 10-K SEC ACT: SEC FILE NUMBER: 000-10737 FILM NUMBER: 99585785 BUSINESS ADDRESS: STREET 1: 3211 NEBRASKA AVE CITY: COUNCIL BLUFFS STATE: IA ZIP: 51501 BUSINESS PHONE: 7123231488 MAIL ADDRESS: STREET 1: 3211 NEBRASKA AVENUE CITY: COUNCIL BLUFFS STATE: IA ZIP: 51501 FORMER COMPANY: FORMER CONFORMED NAME: BINGO KING CO INC DATE OF NAME CHANGE: 19910725 NT 10-K 1 NT 10-K 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 12b-25 NOTIFICATION OF LATE FILING Commission File No. 0-10737 (Check One): [X] Form 10-K [ ] Form 20-F [ ] Form 11-K [ ] Form 10-Q [ ] Form N-SAR For Period Ended: December 31, 1998 [ ] 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 Stuart Entertainment, Inc. ________________________________________________________________________________ Full Name of Registrant ________________________________________________________________________________ Former Name if Applicable 3211 Nebraska Avenue ________________________________________________________________________________ Address of Principal Executive Office (Street and Number) Council Bluffs, Iowa 51501 ________________________________________________________________________________ City, State and Zip Code 2 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; [X] (b) 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 the subject quarterly report of 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 Forms 10-K, 20-F, 11-K, 10-Q, N-SAR, or the transition report or portion thereof, could not be filed within the prescribed time period. Stuart Entertainment, Inc. (the "Company") is involved in negotiations with certain creditors of the Company, including its primary lender and an ad hoc noteholders committee, to explore alternatives for restructuring the Company's outstanding indebtedness. As a result, additional time is necessary to complete the Registrant's Annual Report on Form 10-K for the fiscal year ended December 31, 1998. 3 PART IV - OTHER INFORMATION (1) Name and telephone number of person to contact in regard to this notification Lawrence X. Taylor (712) 323-1488 _____________________________ ________________ ______________________ (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. The Company expects significant changes in the results of operations for the fiscal year ended December 31, 1998 compared to the fiscal year ended December 31, 1997 due to increased competition based on pricing in the Company's industry and the gaming industry in general and increased expenses incurred by the Company in connection with the consolidation of manufacturing locations. Anticipated condensed financial information for these years is as follows:
Twelve Months Twelve Months Ended Ended STATEMENTS OF OPERATIONS 12/31/98 12/31/97 --------- --------- Revenues $ 118,642 $ 121,578 Operating costs 138,074 137,360 Loss from operations 19,432 15,782 Other income and expense including income taxes (211) (2,429) Net loss $ 19,221 $ 13,353 Basic and diluted loss per share $ 2.77 $ 1.94
Stuart Entertainment, 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 April 1, 1999 By /s/ Lawrence X. Taylor ___________________________ ______________________________________ Lawrence X. Taylor, Executive Vice President and Chief Financial Officer -----END PRIVACY-ENHANCED MESSAGE-----