-----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, QT/DVHUWFdK7tc/yS+MczTc5YTUcXOxCrLH1k6bSV8AeOt2SFPwytZPGY1kFhUVK NxpY/Ci31JRkAUf9l00OaA== 0000886035-05-000014.txt : 20050316 0000886035-05-000014.hdr.sgml : 20050316 20050316161533 ACCESSION NUMBER: 0000886035-05-000014 CONFORMED SUBMISSION TYPE: NT 10-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20041231 FILED AS OF DATE: 20050316 DATE AS OF CHANGE: 20050316 EFFECTIVENESS DATE: 20050316 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GENERAL CABLE CORP /DE/ CENTRAL INDEX KEY: 0000886035 STANDARD INDUSTRIAL CLASSIFICATION: DRAWING AND INSULATING NONFERROUS WIRE [3357] IRS NUMBER: 061398235 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: NT 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-12983 FILM NUMBER: 05685677 BUSINESS ADDRESS: STREET 1: 4 TESSENEER DRIVE CITY: HIGHLAND HEIGHTS STATE: KY ZIP: 41076 BUSINESS PHONE: 6065728000 MAIL ADDRESS: STREET 1: 4 TESSENEER DRIVE CITY: HIGHLAND HEIGHTS STATE: KY ZIP: 41076 NT 10-K 1 filing.txt NOTIFICATION OF LATE FILING UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 12b-25 NOTIFICATION OF LATE FILING (Check one): X Form 10-K Form 20-F Form 11-k Form 10-Q Form N-SAR Form N-CSR For Period Ended: December 31, 2004 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 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 General Cable Corporation - ----------------------------------------------------------------------- Full Name of Registrant - ----------------------------------------------------------------------- Former Name if Applicable 4 Tesseneer Drive - ----------------------------------------------------------------------- Address of Principal Executive Office (Street and Number) Highland Heights, Kentucky 41076 - ----------------------------------------------------------------------- City, State and Zip Code 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 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 peirod. (Attach extra Sheets if Needed) Registrant cannot file the Form 10-K without unreasonable effort or expense because an unexpected significant large portion of the time and effort of its financial reporting personnel has been devoted to the evaluation and assessment of the Registrant's internal controls over financial reporting as of December 31, 2004. PART IV OTHER INFORMATION (1) Name and telephone number of person to contact in regard to this notification. Robert J. Siverd 859 572-8890 ---------------------- ------------ ------------------ (Name) (Area Code) (Telephone Number) (2) Have all other periodic reports required under Section 13 or Section 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? 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. On February 1, 2005, the Company issued a press release containing its financial results for the quarter and year ended December 31, 2004. In the press release the Company reported net income applicable to common shareholders of $3.3 million for the fourth quarter and $9.5 million for the full year. Fully diluted earnings per share were reported at $0.08 for the quarter and $0.24 for the full year. Subsequent to the press release, the Company received notification that a tax audit had been settled. As a result of this subsequent event, the Company will change its previously disclosed financial results for the quarter and year ended December 31, 2004. The Company's reported net income applicable to common shareholders will increase to $25.7 million for the fourth quarter of 2004 and $31.9 million for the full year of 2004. Fully diluted earnings per share will increase to $0.54 for the fourth quarter and $0.75 for the full year. There will be no adjustment to the reported results for any prior years as a result of this tax settlement.
GENERAL CABLE CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS AND OPERATIONS (IN MILLIONS, EXCEPT PER SHARE DATA) (UNAUDITED) --------------------- ----------------------- FISCAL THREE MONTHS FISCAL TWELVE MONTHS ENDED DECEMBER 31 ENDED DECEMBER 31 --------------------- ----------------------- PREVIOUSLY PREVIOUSLY REPORTED REPORTED 2004 2004 2004 2004 -------- ---------- ---------- ---------- Net sales $485.3 $485.3 $1,970.7 $1,970.7 Cost of sales 430.0 430.0 1,756.0 1,756.0 -------- ---------- ---------- ---------- Gross profit 55.3 55.3 214.7 214.7 Selling, general and administrative expenses 42.3 42.3 158.2 158.2 -------- ---------- ---------- ---------- Operating income 13.0 13.0 56.5 56.5 Other expense --- --- (0.9) (0.9) Net interest expense (8.9) (9.0) (36.2) (36.3) -------- ---------- ---------- ---------- Earnings before income taxes 4.1 4.0 19.4 19.3 Income tax (provision) benefit 22.7 0.4 18.1 (4.2) -------- ---------- ---------- ---------- Income from continuing operations 26.8 4.4 37.5 15.1 DISCONTINUED OPERATIONS - -------------------------------------- Gain on disposal of discontinued operations (net of tax) 0.4 0.4 0.4 0.4 -------- ---------- ---------- ---------- Net income 27.2 4.8 37.9 15.5 Less: preferred stock dividends (1.5) (1.5) (6.0) (6.0) -------- ---------- ---------- ---------- Net income applicable to common shareholders $ 25.7 $ 3.3 $ 31.9 $ 9.5 -------- ---------- ---------- ---------- -------- ---------- ---------- ---------- EPS OF CONTINUING OPERATIONS - -------------------------------------- Earnings per common share $ 0.65 $ 0.07 $ 0.81 $ 0.23 -------- ---------- ---------- ---------- -------- ---------- ---------- ---------- Weighted average common shares 39.1 39.3 39.0 39.2 -------- ---------- ---------- ---------- -------- ---------- ---------- ---------- Earnings per common share- assuming dilution $ 0.53 $ 0.07 $ 0.75 $ 0.23 -------- ---------- ---------- ---------- -------- ---------- ---------- ---------- Weighted average common shares- assuming dilution 50.6 40.3 50.3 39.9 -------- ---------- ---------- ---------- -------- ---------- ---------- ---------- EPS INCLUDING DISCONTINUED OPERATIONS - ---------------------------------------- Earnings per common share $ 0.66 $ 0.08 $ 0.82 $ 0.24 -------- ---------- ---------- ---------- -------- ---------- ---------- ---------- Earnings per common share- assuming dilution $ 0.54 $ 0.08 $ 0.75 $ 0.24 -------- ---------- ---------- ---------- -------- ---------- ---------- ----------
_____________________________________________________________________ General Cable Corporation -------------------------------------------- (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 16, 2005 By /s/ Robert J. Siverd -------------- ---------------------------- Robert J. Siverd Executive Vice President and General Counsel -----END PRIVACY-ENHANCED MESSAGE-----