NT 10-K 1 b1225oly.txt OLYMPUS 12B-25 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ------------- Commission File No.: 333-19327 FORM 12b-25 NOTIFICATION OF LATE FILING (Check One): [X]Form 10-K [ ]Form 11-K [ ]Form 20-F [ ]Form 10-Q [ ]Form N-SAR For Period Ended: -------------------------------------------- [ ]Transition Report on Form 10-K [ ]Transition Report on Form 10-Q [ ]Transition Report on Form 20-F [ ]Transition Report on Form N-SAR [ ]Transition Report on Form 11-K For the Year Ended December 31, 2001 Nothing in this form shall be construed to imply that the Commission has verified any information contained herein. PART I REGISTRANT INFORMATION OLYMPUS COMMUNICATIONS, L.P. OLYMPUS CAPITAL CORPORATION (Full name of registrant) One North Main Street Coudersport, Pennsylvania (Address of principal executive offices) 16915 (street and number) (Zip Code) Registrants' telephone number, including area code: (814) 274-9830 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). [X] (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, 11-K or Form N-SAR, or portion thereof, will be filed on or before the fifteenth calendar day [X] following the prescribed due date; or 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, 20-F, 11-K, 10-Q and N-SAR or the transition report or portion thereof could not be filed within the prescribed period. In connection with the preparation of the Registrant's financial statements for the year ended December 31, 2001, the Registrant is reviewing certain accounting matters relating to co-borrowing credit facilities which the Registrant is party to. This review could not be completed in sufficient time for the Registrant to complete its financial statements, receive its independent auditors' report thereon, and file the Form 10-K within the prescribed time period without unreasonable effort or expense. PART IV OTHER INFORMATION (1) Name and telephone number of person to contact in regard to this notification. Timothy J. Rigas, Executive Vice President (814) 274-9830 (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's financial results for the fiscal year ended December 31, 2001 are anticipated to improve on a basis comparable to the fiscal year ended December 31, 2000. The Registrant currently estimates that net loss for the year ended December 31, 2000 will change from approximately $71,407,000 to net income of approximately $15,859,000 for the year ended December 31, 2001. The improvement in the financial performance of the Registrant is due primarily to a gain on cable systems exchange of approximately $73,000,000. OLYMPUS COMMUNICATIONS, L.P. OLYMPUS CAPITAL CORPORATION (Name of Registrant as specified in Charter) has caused this notification to be signed on its behalf by the undersigned thereunto duly authorized, on April 1, 2002. OLYMPUS COMMUNICATIONS, L.P. By: ACC OPERATIONS, INC. Managing General Partner By: /s/ Timothy J. Rigas ------------------------------------------- Timothy J. Rigas Executive Vice President, Chief Financial Officer, Chief Accounting Officer, and Treasurer OLYMPUS CAPITAL CORPORATION By: /s/ Timothy J. Rigas ------------------------------------------- Timothy J. Rigas Executive Vice President, Chief Financial Officer, Chief Accounting Officer, and Treasurer