-----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, AhLyWAQ6U2w+GTrNj/0ELw2AyDNbfMUaulBQv2+ru5XD8AGwocYJZfN9YDTAoh9x HRCzA6o6FyoH6F1Q+t1mUw== 0001021408-01-501003.txt : 20010516 0001021408-01-501003.hdr.sgml : 20010516 ACCESSION NUMBER: 0001021408-01-501003 CONFORMED SUBMISSION TYPE: NT 10-Q PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20010331 FILED AS OF DATE: 20010515 FILER: COMPANY DATA: COMPANY CONFORMED NAME: IXATA GROUP INC CENTRAL INDEX KEY: 0000929425 STANDARD INDUSTRIAL CLASSIFICATION: INDUSTRIAL INSTRUMENTS FOR MEASUREMENT, DISPLAY, AND CONTROL [3823] IRS NUMBER: 944453386 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: NT 10-Q SEC ACT: SEC FILE NUMBER: 033-83526 FILM NUMBER: 1635488 BUSINESS ADDRESS: STREET 1: 8080 DAGGETT STREET SUITE 220 CITY: SAN DIEGO STATE: CA ZIP: 92111 BUSINESS PHONE: 6196775580 MAIL ADDRESS: STREET 1: 8080 DAGGETT STREET SUITE 220 CITY: SAN DIEGO STATE: CA ZIP: 92111 FORMER COMPANY: FORMER CONFORMED NAME: SECURFONE AMERICA INC DATE OF NAME CHANGE: 19971114 FORMER COMPANY: FORMER CONFORMED NAME: MATERIAL TECHNOLOGY INC DATE OF NAME CHANGE: 19970326 FORMER COMPANY: FORMER CONFORMED NAME: MATERIAL TECHNOLOGIES INC DATE OF NAME CHANGE: 19970313 NT 10-Q 1 dnt10q.txt FORM 12B-25 ------------------------------ OMB APPROVAL ------------------------------ OMB Number: 3235-0058 Expires: January 31, 2002 Estimated average burden hours per response........2.50 ------------------------------ ------------------------------ SEC FILE NUMBER 33-83526 ------------------------------ ------------------------------ CUSIP NUMBER 46601E 10 5 ------------------------------ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 12b-25 NOTIFICATION OF LATE FILING (Check One): [_] Form 10-K [_] Form 20-F [_] Form 11-K [X] Form 10-Q [_] Form N-SAR For Period Ended: March 31, 2001 --------------- [ ] 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 The IXATA Group, Inc. - -------------------------------------------------------------------------------- Full Name of Registrant 8989 Rio San Diego Drive - -------------------------------------------------------------------------------- Address of Principal Executive Office (Street and Number) San Diego, California 92108 - -------------------------------------------------------------------------------- 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.) [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, 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 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. The IXATA Group, Inc. is unable to timely file its quarterly report on Form 10-QSB for the quarter ended March 31, 2001 because IXATA has not yet completed its financial statements for the quarter and cannot do so without unreasonable effort and expense. On December 5, 2000, IXATA issued a total of 1,085,461 shares of newly authorized Series C preferred stock and warrants to purchase an additional 1,050,000 shares of preferred stock to affiliates of NextGen Capital. In connection with this transaction, four of IXATA's directors stepped down and were replaced on the board by three of NextGen's appointees. In addition, Paul B. Silverman and Andrew H. Kent stepped down as Chief Executive Officer and Chief Financial Officer, respectively. Michael W. Wynne assumed the CEO position and Robert D. Cuthbertson became CFO. For additional information regarding the NextGen transaction, see IXATA's Current Report on Form 8-K dated December 5, 2000 and filed with the Securities and Exchange Commission on December 20, 2000. These management changes created unavoidable delays in completing the audit for the year ended December 31, 2000 and subsequent delays in the preparation of the financial statements for the first quarter of 2001. However, IXATA expects to file its Form 10-QSB within the time period prescribed by Rule 12b-25. PART IV -- OTHER INFORMATION (1) Name and telephone number of person to contact in regard to this notification Robert D. Cuthbertson 703 803-0544 ---------------------------------------------------------------------- (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? [_] Yes [X] No The IXATA Group, Inc. has caused this notification to be signed on its behalf by the undersigned hereunto duly authorized. THE IXATA GROUP, INC. Date: May 15, 2001 /s/ Robert D. Cuthbertson ------------------------------------------------- By Robert D. Cuthbertson, Chief Financial Officer -----END PRIVACY-ENHANCED MESSAGE-----