-----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, U7eYyTv61N6GmCSKQYnXfTkSgJenulrG/LI6AeGkLFUucZ8X0WqM9P69eaCOgoZk PZRzQgRl8/zeU14jpna8hQ== 0000950168-98-000887.txt : 19980330 0000950168-98-000887.hdr.sgml : 19980330 ACCESSION NUMBER: 0000950168-98-000887 CONFORMED SUBMISSION TYPE: NT 10-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19971227 FILED AS OF DATE: 19980327 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: JPS AUTOMOTIVE L P CENTRAL INDEX KEY: 0000924902 STANDARD INDUSTRIAL CLASSIFICATION: MOTOR VEHICLE PARTS & ACCESSORIES [3714] IRS NUMBER: 133770905 STATE OF INCORPORATION: DE FISCAL YEAR END: 1229 FILING VALUES: FORM TYPE: NT 10-K SEC ACT: SEC FILE NUMBER: 033-75510-01 FILM NUMBER: 98575078 BUSINESS ADDRESS: STREET 1: PO BOX 32665 STREET 2: 701 MCCLULLOGH DR CITY: CHARLOTTE STATE: NC ZIP: 28232 BUSINESS PHONE: 6108593000 MAIL ADDRESS: STREET 1: 701 MCCULLOUGH DR STREET 2: POST OFFICE BOX 32665 CITY: CHARLOTTE STATE: NC ZIP: 28232 FILER: COMPANY DATA: COMPANY CONFORMED NAME: JPS AUTOMOTIVE PRODUCTS CORP CENTRAL INDEX KEY: 0000919233 STANDARD INDUSTRIAL CLASSIFICATION: MOTOR VEHICLE PARTS & ACCESSORIES [3714] IRS NUMBER: 570993690 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: NT 10-K SEC ACT: SEC FILE NUMBER: 001-12944 FILM NUMBER: 98575079 BUSINESS ADDRESS: STREET 1: 701 MCCULLOUGH DR CITY: CHARLOTTE, STATE: NC ZIP: 28266 BUSINESS PHONE: 6108593000 MAIL ADDRESS: STREET 1: 29 STEVENS ST CITY: GREENVILLE STATE: SC ZIP: 29602 NT 10-K 1 JPS AUTOMOTIVE L.P. & JPS AUTO. PRODUCTS CORP. UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 12B-25 SEC FILE NUMBERS 33-75510-01 1-12944 NOTIFICATION OF LATE FILING CUSIP NUMBER 46623YAA3 (CHECK ONE): [X] Form 10-K and Form 10-KSB [ ] Form 20-F [ ]Form 11-K [ ] Form 10-Q and Form 10-QSB [ ] Form N-SAR For Period Ended: December 27, 1997 ----------------- [ ] 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 JPS AUTOMOTIVE L.P. JPS AUTOMOTIVE PRODUCTS CORP. - -------------------------------------------------------------------------------- Full Name of Registrant - -------------------------------------------------------------------------------- Former Name if Applicable 701 MCCULLOUGH DRIVE - -------------------------------------------------------------------------------- Address of Principal Executive Office (STREET AND NUMBER) CHARLOTTE, NORTH CAROLINA 28262 - -------------------------------------------------------------------------------- City, State and Zip Code 1 PART II -- RULES 12B-25(B) AND (C) If the subject report could not be filed without reasonable 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, Form 20-F, Form 11-K or Form N-SAR, 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 the Form 10-K and Form 10-KSB, 20-F, 11-K, 10-Q and Form 10- QSB, N-SAR, or the transition report or portion thereof could not be filed within the prescribed time period. (Attach Extra Sheets if Needed.) On December 11, 1996, Collins & Aikman Products Co. ("C&A") acquired all of the outstanding equity of the Registrants. During 1997 and continuing into 1998, C&A has been developing plans for the Registrants to rationalize manufacturing locations, as well as marketing and administrative functions. The rationalization process involves a number of transactions and planned transactions having multiple accounting implications. In addition, under the terms of the indenture governing the Registrants' 11 1/8% Senior Notes due 2001, an investment banking firm must opine as to the fairness from a financial point of view of many of these transactions and planned transactions. As part of the process of obtaining the investment banking firm's opinion, the terms and conditions of these transactions and planned transactions continued to be refined and were only very recently finalized. Accounting adjustments based on the final terms of the transactions continue to be made. The foregoing has rendered the Registrants unable to file their Form 10-K by March 27, 1998. PART IV --- OTHER INFORMATION (1) Name and telephone number of person, to contact in regard to this notification John F. Grossbauer (704) 548-2351 - -------------------------------------------------------------------------------- (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 reports been filed? If answer is no, identify report(s). [ X ] Yes [ ]No 2 (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. - -------------------------------------------------------------------------------- JPS AUTOMOTIVE L.P. JPS AUTOMOTIVE PRODUCTS CORP. ------------------------------------------------------------------------------- (Name of Registrants as Specified in Charter) have caused this notification to be signed on their behalf by the undersigned hereunto duly authorized.
JPS Automotive Products Corp. JPS Automotive L.P. By: PACJ, Inc., its general partner March 27, 1998 By: /s/ J. Michael Stepp By: /s/ J. Michael Stepp - -------------------- ------------------------------------ ----------------------- Date J. Michael Stepp J. Michael Stepp Executive Vice President Executive Vice President & Chief Financial Officer & Chief Financial Officer
INSTRUCTIONS: 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. 3 -----END PRIVACY-ENHANCED MESSAGE-----