-----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, FVZtyMUaBWgNGK3zq87+I4d1QhNA35nfgN/UBgMIT3jvOiEJE2p+Qzot/r0nGAh9 i7i/6/GJK5IGOW8jrxC3AQ== 0000914039-97-000403.txt : 19971224 0000914039-97-000403.hdr.sgml : 19971224 ACCESSION NUMBER: 0000914039-97-000403 CONFORMED SUBMISSION TYPE: NT 10-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19970930 FILED AS OF DATE: 19971223 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: INDUSTRIAL TECHNOLOGIES INC CENTRAL INDEX KEY: 0000802916 STANDARD INDUSTRIAL CLASSIFICATION: INDUSTRIAL INSTRUMENTS FOR MEASUREMENT, DISPLAY, AND CONTROL [3823] IRS NUMBER: 042596252 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: NT 10-K SEC ACT: SEC FILE NUMBER: 001-10790 FILM NUMBER: 97743441 BUSINESS ADDRESS: STREET 1: ONE TREFOIL DR CITY: TRUMBULL STATE: CT ZIP: 06611 BUSINESS PHONE: 2032688000 MAIL ADDRESS: STREET 2: ONE TREFOIL DRIVE CITY: TRUMBULL STATE: CT ZIP: 06611 FORMER COMPANY: FORMER CONFORMED NAME: AERODYNE PRODUCTS CORP DATE OF NAME CHANGE: 19930825 NT 10-K 1 NT 10-K 1 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 12b-25 Commission File Number 0-10790 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: September 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: Read attached instruction sheet before preparing form. Please print or type. 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 Industrial Technologies, Inc. Former name if applicable Address of principal executive office (Street and number) 70 Cascade Boulevard City, state and zip code Milford, CT 06460 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.) (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 15th 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 fifth calendar day following he 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.) The registrant is unable to timely file the Form 10-KSB for the fiscal year ended September 30, 1997 because its independent auditors, McGladrey & Pullen, LLP, will not be able to render its report on the financial statements of the Registrant by December 29, 1997. During the fiscal year, the Registrant converted its accounting system for inventory control to a new computer system, the successful completion of which was delayed by the departure of key financial personnel. In addition, on September 1, 1997, the Registrant relocated its offices and operating facilities to a new 2 building. This necessitated the move of all equipment and inventory of the Registrant to the new facility. This caused a delay in completing the physical inventory count by the required date without unreasonable effort or expense. These factors have caused the Company to be unable to complete the inventory process in sufficient time for the independent auditor to complete its audit by the due date of the Form 10-KSB. Attached hereto as Exhibit 1 is a letter signed by McGladrey & Pullen, LLC stating the reasons McGladrey & Pullen, LLC is unable to furnish the required opinion on or before the date Form 10-KSB must be filed. PART IV OTHER INFORMATION (1) Name and telephone number of person to contact in regard to this notification Gerald W. Stewart (203) 876-1800 (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 [X] 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. Industrial Technologies, 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 December 22, 1997 By /s/ Gerald W. Stewart -------------------------------- ------------------------------------- Gerald W. Stewart, Chariman and Chief Executive Officer EX-99 2 EXHIBIT 99 1 Exhibit 1 MCGLADREY & PULLEN, LLP RSM CERTIFIED PUBLIC ACCOUNTANTS AND CONSULTANTS INTERNATIONAL December 22, 1997 Securities and Exchange Commission 450 Fifth Street, N.W. Washington, D.C. 20549 Gentlemen: In response to Part II, (c) of Form 12b-25 dated December 22, 1997 of Industrial Technologies, Inc., McGladrey & Pullen, LLP ("M&P") is unable to complete the September 30, 1997 audit by December 29, 1997. As stated on Form 12b-25 prepared by Industrial Technologies, Inc., they were not able to provide us with the necessary information to complete the audit and render our report on the financial statements. Sincerely, MCGLADREY & PULLEN, LLP /S/ MCGLADREY & PULLEN, LLP One Church Street Worldwide New Haven, Connecticut 06510-3330 Services (203) 773-1909 FAX (203) 773-0591 Through RSM International -----END PRIVACY-ENHANCED MESSAGE-----