UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549
FORM 12b-25
Commission file number 0-20562
CUSIP Number: 21868q109
NOTIFICATION OF LATE FILING
(Check One):
[ ] Form 10-K [ ] Form 11-K
[ ]
Form 20-F [X] Form 10-Q
[ ] Form 10-N-SAR
For Period Ended: February 29, 2000
[ ]
Transition Report on Form 10-K
[ ]
Transition Report on Form 10-Q
[ ]
Transition Report on Form 20-F
[ ]
Transition Report on Form 11-K
[ ]
Transition Report on Form N-SAR
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: COREL CORPORATION
Former Name If Applicable:
1600 Carling Avenue
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 appropriate box)
[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, 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 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
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.)
As of April 17, 2000 Corel has a new Chief Financial Officer, John Blaine. Mr
Blaine joins Corel from Sterling Commerce Inc., where he most recently served
as Vice President and Controller in their Dublin, Ohio corporate office. Prior
to filing Form 10Q and signing as the Chief Financial Officer for Corel
Corporation, Mr. Blaine will require additional time to complete the review of
Form 10Q. Corel respectfully requests the extension of time provided for by
Rule 12b-25. It is Corel's intention to file the Form 10-Q within the
prescribed extension period.
Part IV - Other Information
(1) Name and telephone number of person to contact in regard to
this notification.
(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.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this notification to be signed on its behalf by the
undersigned hereunto duly authorized.
Date: April 17, 2000
Ottawa, Ontario, Canada KIZ 8R7
(Address of Principal Executive Offices including Zip Code)
Michael C.J. Cowpland (613) 728-0826
-------------------------------------------------------------------------------
(Name) (Area Code) (Telephone Number)
COREL CORPORATION
By:
/s/ Michael C.J. Cowpland
Michael Cowpland
Chairman, President, Chief
Executive Officer and Director