-----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, SvKp6kWz4l21AYseXtP+uLJgtStS57hcRnL6ybmo7Aet18VH1WJTOECu9pyosBEd 40IHxNj7qLKmRb9YnDQ1Dg== 0000950159-05-000962.txt : 20050815 0000950159-05-000962.hdr.sgml : 20050815 20050815162953 ACCESSION NUMBER: 0000950159-05-000962 CONFORMED SUBMISSION TYPE: NT 10-Q PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20050630 FILED AS OF DATE: 20050815 DATE AS OF CHANGE: 20050815 EFFECTIVENESS DATE: 20050815 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SCAN OPTICS INC CENTRAL INDEX KEY: 0000087086 STANDARD INDUSTRIAL CLASSIFICATION: COMPUTER PERIPHERAL EQUIPMENT, NEC [3577] IRS NUMBER: 060851857 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: NT 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 000-05265 FILM NUMBER: 051027083 BUSINESS ADDRESS: STREET 1: 169 PROGRESS DR CITY: MANCHESTER STATE: CT ZIP: 06040 BUSINESS PHONE: 8606457878 MAIL ADDRESS: STREET 1: 169 PROGRESS DR CITY: MANCHESTER STATE: CT ZIP: 06040 NT 10-Q 1 scanoptics12b25.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 12b-25 Commission File Number: 0--5265 NOTIFICATION OF LATE FILING (Check One): |_| Form 10-K |_| Form 20-F |_| Form 11-K |X| Form 10-Q |_| Form N-SAR |_| Form N-CSR For Period Ended: June 30, 2005 ------------------------------------ |_| Transition Report on Form 10-K |_| Transition Report on Form 20-F |_| Transition Report on Form 11-K |_| Transition Report on Form 10-Q |_| Transition Report on Form N-SAR 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 Scan-Optics, Inc. Full name of registrant N/A - -------------------------------------------------------------------------------- Former name if applicable - -------------------------------------------------------------------------------- Address of principal executive office (STREET AND NUMBER) 179 Allyn Street - Suite 508 - -------------------------------------------------------------------------------- City, state and zip code Hartford, CT 06103 - -------------------------------------------------------------------------------- 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 reason 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, Form 11-K, Form N-SAR or Form N-CSR, or portion thereof, will be filed on or before the fifteenth 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 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, N-CSR, or the transition report or portion thereof, could not be filed within the prescribed time period. (Attach extra Sheets if needed) On August 5, 2005, Scan-Optics, Inc. entered into and closed a Foreclosure Agreement with its secured lender, SO Acquisition, LLC (as the assignee of ZOHAR II 2005-1, Limited, ZOHAR CDO 2003-1, Limited under the Credit Agreement) and Patriarch Partners Agency Services, LLC as agent to the lender. The Foreclosure Agreement provides for Scan-Optics, Inc. transferring substantially all of its assets to SO Acquisition, LLC in consideration of the company being released from its obligations under the Third Amended and Restated Credit Agreement, dated March 30, 2004, as amended by the First Amendment thereto date June 27, 2005. The decision to delay the filing of the quarterly report was made to permit management time to complete the report with the required disclosures and pro forma data. PART IV -- OTHER INFORMATION (1) Name and telephone number of person to contact in regard to this notification Scott M. Schooley 860 547-1761 - -------------------------------------------------------------------------------- (Name) (Area Code) (Telephone Number) 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 (2) period that the registrant was required to file such report(s) been filed? If the answer is no, identify report(s). |X| Yes |_| No Is it anticipated that any significant change in results of operations from the corresponding period for (3) 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. Registrant refers the reader to its Current Report on Form 8-K filed August 5, 2005 and Form 8-KA filed August 11, 2005. - -------------------------------------------------------------------------------- Scan-Optics, 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: August 15, 2005 /s/ Scott M. Schooley --------------------- Scott M. Schooley President -----END PRIVACY-ENHANCED MESSAGE-----