-----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, VA2+EaH7Ict142vSgvM4odo53LhrypfyV51fdRalsahV9aqIADXxQvLuQWpu+IuN su9fJ5f9uNOPWzSbhMClwQ== 0001005477-97-001999.txt : 19970813 0001005477-97-001999.hdr.sgml : 19970813 ACCESSION NUMBER: 0001005477-97-001999 CONFORMED SUBMISSION TYPE: NT 10-Q PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19970628 FILED AS OF DATE: 19970812 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: NCC INDUSTRIES INC CENTRAL INDEX KEY: 0000070855 STANDARD INDUSTRIAL CLASSIFICATION: WOMEN'S, MISSES', CHILDREN'S & INFANTS' UNDERGARMENTS [2340] IRS NUMBER: 620643336 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: NT 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 000-03305 FILM NUMBER: 97657489 BUSINESS ADDRESS: STREET 1: 165 MAIN ST CITY: CORTLAND STATE: NY ZIP: 13045 BUSINESS PHONE: 6077562841 MAIL ADDRESS: STREET 1: JOHN E DAILEY STREET 2: 165 MAIN STREET CITY: CORTLAND STATE: NY ZIP: 13045 FORMER COMPANY: FORMER CONFORMED NAME: NCC LEASING INC DATE OF NAME CHANGE: 19701102 FORMER COMPANY: FORMER CONFORMED NAME: NATIONAL CREDIT CORP DATE OF NAME CHANGE: 19681126 NT 10-Q 1 FORM 12B-25 SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 FORM 12b-25 Commission File Number 0-3305 NOTIFICATION OF LATE FILING (Check One): [ ] Form 10-K and Form 10-KSB [ ] Form 11-K [ ] Form 20-F [X] Form 10-Q and Form 10-QSB [ ] Form N-SAR For period ended: June 28, 1997 [ ] Transition Report on Form 10-K and 10-KSB [ ] Transition Report on Form 10-Q and 10-QSB [ ] Transition Report on Form 11-K [ ] Transition Report on Form 20-F [ ] 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 notification relates: ____________________________________ Part I. Registrant Information Full name of Registrant: NCC INDUSTRIES, INC. Former name if applicable: N/A Address of principal executive office (street and number): 165 Main Street City, State and zip code: Cortland, New York 13045 Part II. Rule 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 Forms 10-K, 10-KSB, 20-F, 11-K or Form N-SAR, or portion thereof will be filed on or before the 15th calendar day following the prescribed due date; or the subject quarterly report or transition report on Form 10-Q, 10-QSB, 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, 10-KSB, 11-K, 10-Q, 10-QSB, N-SAR or the transition report portion thereof could not be filed within the prescribed time period. (Attach extra sheets if needed.) NCC Industries, Inc. (the "Company") was not able to file its Form 10-Q with respect to the quarter ended June 28, 1997 on a timely basis because of the commencement of a bankruptcy filing under chapter 11, title 11 of the United States Code, which filing took place on July 22, 1997 (the "Filing"). The time and services of the Company's management has been devoted to matters relating to the Filing and, as a result, additional time is necessary to file the Company's quarterly report on Form 10-Q. Part IV. Other Information (1) Name and telephone number of persons to contact in regard to notification. - -------------------------------------------------------------------------------- Jonathan J. Russo (212) 702-5714 (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 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 Company expects to report a net loss for the quarter ended June 28, 1997 of ($11,481,239) as compared to a net loss of ($923,675) for the quarter ended June 29, 1996. The increase in the Company's net loss was due to a charge for accrued restructuring costs and decrease in net sales. Restructuring costs for increased inventory reserves, facility exit costs and related severance amounted to approximately $6,000,000. The net sales decreased to $11,482,526 for the quarter ended June 28, 1997 as compared to $28,106,000 for the quarter ended June 29, 1996. This is the result of decreases in both units sold and unit price. This sales unit cost decrease is due to a change in product mix and a greater volume of close-out sales of discontinued styles. NCC INDUSTRIES, INC. -------------------------------------------- (Name of Registrant as specified in charter) Has caused this notification to be signed on its behalf by the undersigned thereunto duly authorized. Date: August 12, 1997 By: /s/ Frank B. Stull ------------------------------- Frank B. Stull Executive Vice President - Chief Financial Officer Attention Intentional misstatements or omissions of fact constitute Federal criminal violations (see 18 U.S.C. 1001) -----END PRIVACY-ENHANCED MESSAGE-----