-----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, LvwKq9c3on6Ub/9hx5qNaSe07xyWuzPaNjJRD+u0A2FBl2eOp2HIWOuu7tYluDMe AYsVSvmxpQt9V2z6lDBIng== 0001017062-99-000528.txt : 19990330 0001017062-99-000528.hdr.sgml : 19990330 ACCESSION NUMBER: 0001017062-99-000528 CONFORMED SUBMISSION TYPE: NT 10-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19981227 FILED AS OF DATE: 19990329 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CALCOMP TECHNOLOGY INC CENTRAL INDEX KEY: 0000818470 STANDARD INDUSTRIAL CLASSIFICATION: COMPUTER PERIPHERAL EQUIPMENT, NEC [3577] IRS NUMBER: 060888312 STATE OF INCORPORATION: DE FISCAL YEAR END: 1229 FILING VALUES: FORM TYPE: NT 10-K SEC ACT: SEC FILE NUMBER: 000-16071 FILM NUMBER: 99575919 BUSINESS ADDRESS: STREET 1: 2411 W LA PALMA AVE CITY: ANAHEIM STATE: CA ZIP: 92801 BUSINESS PHONE: 5128731540 MAIL ADDRESS: STREET 1: 60 SILVERMINE ROAD CITY: SEYMOUR STATE: CT ZIP: 06483 FORMER COMPANY: FORMER CONFORMED NAME: SUMMAGRAPHICS CORP DATE OF NAME CHANGE: 19920703 NT 10-K 1 NOTIFICATION OF LATE FILING FOR 1998 10-K -------------------- UNITED STATES | OMB APPROVAL | SECURITIES AND EXCHANGE COMMISSION -------------------- Washington, D.C. 20549 | OMB Number: | | 3235-0058 | FORM 12b-25 | Expires: | | May 31, 1997 | NOTIFICATION OF LATE FILING | Estimated | | average burden | | hours per | (Check One): [X] Form 10-K [_] Form 20-F [_] Form 11-K | response....2.50 | [_] Form 10-Q [_] Form N-SAR -------------------- -------------------- For Period Ended: 12/27/98 | SEC FILE NUMBER | ------------------------------------ | | [X] Transition Report on Form 10-K -------------------- [_] Transition Report on Form 20-F -------------------- [_] Transition Report on Form 11-K | CUSIP NUMBER | [_] Transition Report on Form 10-Q | XXXXXX XX X | [_] Transition Report on Form N-SAR -------------------- For the Transition Period Ended: ------------------------------------------- ================================================================================ Read Instruction (on back page) 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 CALCOMP TECHNOLOGY, INC. - -------------------------------------------------------------------------------- Former Name if Applicable - -------------------------------------------------------------------------------- Address of Principal Executive Office (Street and Number) 2411 W. LA PALMA AVENUE - -------------------------------------------------------------------------------- City, State and Zip Code ANAHEIM, CA 92801 - -------------------------------------------------------------------------------- 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) (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, [X] | 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, 20-F, 11-K, 10-Q, N-SAR, or the transition report or portion thereof, could not be filed within the prescribed time period. (ATTACH EXTRA SHEETS IF NEEDED) SEC 1344 (6/94) As a result of the Company's adoption of a plan of orderly shutdown and liquidation of operations which was announced on January 15, 1999, the Company is required to convert its financial statements to the liquidation basis of accounting whereby assets and liabilities are stated at estimated fair values in liquidation. Additional resources in the form of outside experts and consultants have been engaged to assist the Company in this effort. The Company expects to have completed these estimates and file its Annual Report on Form 10-K on or before April 13, 1999. PART IV--OTHER INFORMATION (1) Name and telephone number of person to contact in regard to this notification JOHN J. MILLERICK, SENIOR VP & CFO (714) 821-2500 ------------------------------------ ----------- ------------------------- (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. For explanation to Part IV(3) See Part III and Exhibit A. - -------------------------------------------------------------------------------- CALCOMP TECHNOLOGY, INC. ---------------------------------------------------------- (Name of Registrant as Specified in Charter) has caused this notification to be signed on its behalf by the undersigned hereunto duly authorized. Date March 26, 1999 By /s/ JOHN J. MILLERICK ---------------------- ----------------------------- SENIOR V.P. & CFO INSTRUCTION: The form may be signed by an executive officer of the registrant or by any other duly authorized representative. The name and title of the person signing the form shall be typed or printed beneath the signature. If the statement is signed on behalf of the registrant by an authorized representative (other than an executive officer), evidence of the representative's authority to sign on behalf of the registrant shall be filed with the form. - --------------------------------- ATTENTION ------------------------------------ | INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT | | CONSTITUTE FEDERAL CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001). | - -------------------------------------------------------------------------------- GENERAL INSTRUCTIONS 1. This form is required by Rule 12b-25 (17 CFR 240.12b-25) of the General Rules and Regulations under the Securities Exchange Act of 1934. 2. One signed original and four conformed copies of this form and amendments thereto must be completed and filed with the Securities and Exchange Commission, Washington, D.C. 20549, in accordance with Rule 0-3 of the General Rules and Regulations under the Act. The information contained in or filed with the form will be made a matter of public record in the Commission files. 3. A manually signed copy of the form and amendments thereto shall be filed with each national securities exchange on which any class of securities of the registrant is registered. 4. Amendments to the notifications must also be filed on form 12b-25 but need not restate information that has been correctly furnished. The form shall be clearly identified as an amended notification. 5. Electronic Filers. This form shall not be used by electronic filers unable to timely file a report solely due to electronic difficulties. Filers unable to submit a report within the time period prescribed due to difficulties in electronic filing should comply with either Rule 201 or Rule 202 of Regulation S-T ((S)232.201 or (S)232.202 of this chapter) or apply for an adjustment in filing date pursuant to Rule 13(b) of Regulation S-T ((S)232.13(b) of this chapter). EX-99.(A) 2 CALCOMP FINALIZES AGREEMENT FOR FUNDING EXHIBIT A Contact: John J. Millerick, Senior Vice President And Chief Financial Officer CalComp Technology, Inc. (714) 821-2500 CalComp Finalizes Agreement for Funding to Allow Shutdown of Operations --Company Plans Liquidation of Operations-- ANAHEIM, Calif. - Jan. 15, 1999 - CalComp Technology, Inc. (Nasdaq: CLCP) today said it has completed an agreement under which Lockheed Martin Corporation (NYSE:LMT), its majority shareholder and principal lender, will provide additional funding to assist CalComp in a non-bankruptcy shutdown of its operations. "The arrangement with Lockheed Martin will make it possible for CalComp to sell or liquidate its assets in a manner that will take into account the best interests of our shareholders, creditors, employees, customers and suppliers," said John C. Batterton president and chief executive officer. Batterton said the shutdown will take approximately six months. He noted that, while the company anticipates that it will be able to pay its non- affiliated creditors in full, the company's ability to do so will depend on receiving sufficient cash from the sale of its assets. He added that CalComp believes that it is highly unlikely that there will be any funds or assets available for distribution to its preferred and common shareholders. As part of the preparation for the shutdown of CalComp's business, the company will shortly issue notices to its employees under the Federal Workers Adjusted and Retraining Notification Act informing them of the scheduled termination of their employment in connection with the shutdown. Approximately 450 employees, or 65% of the company's North America workforce, will be terminated in January 1999. The funding of the shutdown follows a previous decision by Lockheed Martin to not extend CalComp's existing $43 million credit capacity. CalComp expects to reach its credit limit this month and does not anticipate being able to obtain additional funding from other sources. CalComp Technology is a leading developer and manufacturer of computer graphics peripherals supplies, for personal, business, and professional applications. As an industry leader in piezo inkjet technology, CalComp develops image marking systems and components that support advanced digital printing applications. Corporate offices are located in Anaheim, Calif. For more information, visit the CalComp web site at www.calcomp.com, or call 800 CALCOMP (800-225-2667). This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, the Company's ability to successfully liquidated its assets and conduct an orderly shutdown of its operations. # # # -----END PRIVACY-ENHANCED MESSAGE-----