-----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, Wjw+532XsQKU3JES2rOdt1rwFCbSEqzL2D+tIhnSoepZkNjyNjOYgJjtU/+RCx8b auDCc9WfkhQ2rnpz4ScAnw== 0000950172-99-001633.txt : 19991117 0000950172-99-001633.hdr.sgml : 19991117 ACCESSION NUMBER: 0000950172-99-001633 CONFORMED SUBMISSION TYPE: NT 10-Q PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19990930 FILED AS OF DATE: 19991116 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BIRMINGHAM STEEL CORP CENTRAL INDEX KEY: 0000779334 STANDARD INDUSTRIAL CLASSIFICATION: STEEL WORKS, BLAST FURNACES ROLLING MILLS (COKE OVENS) [3312] IRS NUMBER: 133213634 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: NT 10-Q SEC ACT: SEC FILE NUMBER: 001-09820 FILM NUMBER: 99758059 BUSINESS ADDRESS: STREET 1: 1000 URBAN CENTER DRIVE STREET 2: SUITE 300 CITY: BIRMINGHAM STATE: AL ZIP: 35242 BUSINESS PHONE: 2059701200 MAIL ADDRESS: STREET 1: P.O. BOX 1208 CITY: BIRMINGHAM STATE: AL ZIP: 35201-1208 NT 10-Q 1 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 12B-25 Commission File Number 1-9820 NOTIFICATION OF LATE FILING (Check One): [ ] Form 10-K [ ] Form 11-K [ ] Form 20-F [X] Form 10-Q [ ] Form N-SAR For Period Ended: September 30, 1999 [ ] 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 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 Birmingham Steel Corporation Former name if applicable ___________________________________________________ Address of principal executive office (Street and number) 1000 Urban Center Parkway, Suite 300 City, state and zip code Birmingham, Alabama 35242 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 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; [X] (b) The subject annual report, semi-annual report, transition report on Form 10-K, 20-F, 11-K or Form N-SAR, or portion thereof will be filed on or before the 1st calendar day 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 first 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, 11-K, 20-F, 10-Q, N-SAR or the transition report portion thereof could not be filed within the prescribed time period. (Attach extra sheets if needed.) On August 18, 1999, Birmingham Steel Corporation (the "Company") announced plans to pursue a strategic restructuring of its operations that would involve, among other things, the sale of its Special Bar Quality division and its 50% ownership interest in American Iron Reduction, LLC. These actions were reflected in the Company's Annual Report on Form 10-K for the fiscal year ended June 30, 1999. As a result of the restructuring, the preparation of the Company's financial statements and related notes has been significantly complicated by the need to reflect the businesses to be divested as discontinued operations, as well as the need to restate the results of operations for the same period in the prior year. Given such factors, the Quarterly Report on Form 10-Q could not be filed by the Company without unreasonable effort or expense in the absence of an extension. As indicated in Part II above, the Form 10-Q will be filed on or before the first calendar day following the prescribed due date. PART IV OTHER INFORMATION (1) Name and telephone number of person to contact in regard to this notification Catherine Pecher (205) 970-1200 - ------------------------------------------------------------------------------ (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? [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 financial statements will reflect the businesses to be divested as discontinued operations, both for the fiscal quarter ended September 30, 1999 and the corresponding period in the prior year. This treatment is similar to that followed in the financial statements contained in the Company's Annual Report on Form 10-K for the fiscal year ended June 30, 1999. The Company expects to file its Report on Form 10-Q shortly after the filing of this notice. Birmingham Steel Corporation - ----------------------------------------------------------------------------- (Name of Registrant as Specified in Charter) Has caused this notification to be signed on its behalf by the undersigned thereunto duly authorized. Date: November 15, 1999 By: /s/ Kevin E. Walsh ------------------------------- Kevin E. Walsh Executive Vice President and Chief Financial Officer -----END PRIVACY-ENHANCED MESSAGE-----