-----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, LUrWkTWKFaEWRDrObp+4CwkrPvjk0wx9XEfy3sY8X2rvHyr1f4EauNH/USLHgjjr uySeTu2tfQgSc96FepDDJQ== 0000912057-97-032139.txt : 19971001 0000912057-97-032139.hdr.sgml : 19971001 ACCESSION NUMBER: 0000912057-97-032139 CONFORMED SUBMISSION TYPE: NT 10-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19970630 FILED AS OF DATE: 19970930 SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: POWER DESIGNS INC CENTRAL INDEX KEY: 0000079829 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRONIC COMPONENTS, NEC [3679] IRS NUMBER: 111708714 STATE OF INCORPORATION: NY FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: NT 10-K SEC ACT: SEC FILE NUMBER: 000-01921 FILM NUMBER: 97688230 BUSINESS ADDRESS: STREET 1: 14 COMMERCE DR CITY: DANBURY STATE: CT ZIP: 06810 BUSINESS PHONE: 2037487001 MAIL ADDRESS: STREET 1: 14 COMMERCE DR CITY: DANBURY STATE: CT ZIP: 06810 NT 10-K 1 NT 10-K FORM 12b-25 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 12b-25 NOTIFICATION OF LATE FILING (CHECK ONE): /X/Form 10-K and Form 10-KSB / /Form 20-F / /Form 11-K / /Form 10-Q / /Form N-SAR For Period Ended: June 30, 1997 / / 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 POWER DESIGNS, INC. Address of principal 14 COMMERCE DRIVE executive office DANBURY, CT 06810 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. /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, 11-K, 20-F, 10-Q, N-SAR, or the transition report or portion thereof, could not be filed within the prescribed time period. The reporting complexities inherent in the October 1996 acquisition of the assets of two divisions of Penril DataComm Networks, Inc. rendered the timely filing of reports on Forms 10-QSB and 10-K impracticable during the prescribed time period. - ------------------------------------------------------------------------------- PART IV -- OTHER INFORMATION (1) Name and telephone number of person to contact in regard to this notification ANTHONY F. INTINO II (203) 748-7001 - ------------------------------------------------------------------------------- (Name) (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). / / Yes /X/ 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. Please see attachment. - 2 - Primarily as a result of the October 11, 1996 acquisition of the assets of two divisions of Penril DataComm Networks, Inc., net losses increased from approximately $0.6 million in Fiscal 1995 to approximately $4.5 million for Fiscal 1996. These losses stemmed in part from delays attributable to the Registrant's efforts to investigate and resolve certain technical and production issues associated with products acquired pursuant to the above-referenced acquisition. In Fiscal 1996 sales were approximately $3.7 million as compared to approximately $0.6 million in Fiscal 1995, primarily due to the addition of two older core product lines and developing demand for the Registrant's new products. - 3 - SIGNATURE Power Deisigns, Inc. has caused this notification to be signed on its behalf by the undersigned thereunto duly authorized. Date: September 30, 1997 By: /s/ Fred G. Basso ------------------------------- Name: Fred G. Basso Title: President By: /s/ Anthony F. Intino II ------------------------------- Name: Anthony F. Intino II Title: Chief Financial Officer (Chief Accounting Officer) - 4 - -----END PRIVACY-ENHANCED MESSAGE-----