-----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, JObbxolpQkT00Q5vPD4Sh2JkY8J1leb99UOSC0+EEL75/y15vyl3Vs12iGcVHBMP lnq5YSPIA33E1dDYNnKpSA== 0000908737-98-000779.txt : 19980930 0000908737-98-000779.hdr.sgml : 19980930 ACCESSION NUMBER: 0000908737-98-000779 CONFORMED SUBMISSION TYPE: NT 10-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19980627 FILED AS OF DATE: 19980929 SROS: AMEX FILER: COMPANY DATA: COMPANY CONFORMED NAME: ARROW AUTOMOTIVE INDUSTRIES INC CENTRAL INDEX KEY: 0000007533 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS ELECTRICAL MACHINERY, EQUIPMENT & SUPPLIES [3690] IRS NUMBER: 041449115 STATE OF INCORPORATION: MA FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: NT 10-K SEC ACT: SEC FILE NUMBER: 001-07737 FILM NUMBER: 98716711 BUSINESS ADDRESS: STREET 1: 3 SPEEN ST CITY: FRAMINGHAM STATE: MA ZIP: 01701 BUSINESS PHONE: 5088723711 MAIL ADDRESS: STREET 1: 3 SPEEN STREET CITY: FRAMINGHAM STATE: MA ZIP: 01701 NT 10-K 1 U.S. SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 12b-25 Notification of Late Filing Commission File Number 1-7737 CUSIP Number 042727107 (Check One): (X) Form 10-K and Form 10-KSB ( ) Form 20-F ( ) Form 11-K ( ) Form 10-Q and Form 10-QSB ( ) Form N-SAR For Period Ended: June 27, 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: _____________________ 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: Arrow Automotive Industries, Inc. Former Name if Applicable: - ------------------------------------------------------------ Address of Principal Executive Office (Street and Number): 3 Nabco Avenue City, State and Zip Code: Conway, AR 72032-7121 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): [ ] (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 on Form 10-K will be filed on or before the 15th 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. -2- PART III NARRATIVE State below in reasonable detail the reasons why the Form 10-K could not be filed within the prescribed period: In August, 1998, upon termination of its Massachusetts lease, the Registrant relocated its corporate headquarters, including its corporate accounting and financial reporting functions, from Framingham, Massachusetts to Conway, Arkansas. To prepare for such transition, the Registrant (1) hired replacement personnel in Arkansas to supervise and direct the filing of the Form 10-K with the assistance of the Arkansas support staff and (2) entered into stay-put arrangements with existing Massachusetts personnel. Unexpectedly, the Massachusetts personnel left two (2) months earlier than originally anticipated and the Arkansas replacement left three (3) months after beginning work for the Registrant. The effects of these losses were compounded when the Chief Financial Officer became ill in late August/early September and was no longer able to work. It has not yet been determined if and when the CFO will be able to return to work. As a result, the Registrant has not completed its financial statements for the year ended June 27, 1998. -3- PART IV OTHER INFORMATION (1) Name and telephone number of person to contact in regard to this notification: Kathaleen M. Carroll-Coelho 617 520-6668 (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 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? [ ] 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. See attached Exhibit A which is incorporated herein by reference. -4- Arrow Automotive 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: September 28, 1998 By: /s/ Kathaleen M. Carroll-Coelho Kathaleen M. Carroll-Coelho, Vice President and Controller -5- EXHIBIT A The Registrant has continued to experience losses in the fourth quarter of 1998. For the reasons stated in Part III above, the results of the fourth quarter have not yet been finalized, and the Registrant is unable to reasonably estimate whether there has been a significant change in results of operations compared to fiscal 1997. -6- -----END PRIVACY-ENHANCED MESSAGE-----