U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 12b-25
Notification of Late Filing
1-7737 SEC File No.
042727107 CUSIP No.
(Check One):
( ) Form 10-K and Form 10-KSB ( ) Form 20-F
( ) Form 11-K ( X ) Form 10-Q and Form 10-QSB
( ) Form N-SAR
For the Period Ended: March 29, 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:
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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:
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PART I
REGISTRANT INFORMATION
Full Name of Registrant: Arrow Automotive Industries, Inc.
Former Name if applicable:
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Address of Principal Executive
Office (Street and Number): 3 Speen Street
City, State and Zip Code: Framingham, MA 01701
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, 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 or transition report on Form 10-Q,
or portion thereof will be filed on or before the 5th
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 period.
The Company has been engaged in extensive discussions with its
principal bank lender regarding amendments to its loan agreement with that
institution and waivers of financial covenants under said agreement.
Because a substantial portion of the financial and other disclosures
contained in the subject report were dependent upon the terms and
conditions of said amendments and waivers, the Registrant was
unable to finalize such disclosures until a definitive agreement was
reached with the bank, which did not occur until May 13, 1997 (the
due date of the filing of the subject report).
As a result of the foregoing factors, the Registrant was unable to
complete in a timely fashion the preparation and filing of its Quarterly
Report on Form 10-Q for the quarter ended March 29, 1997.
PART IV
OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification:
James F. Fagan (508) 872-3711
_____________________________________________________
(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 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?
( X) Yes ( ) 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.
See Registrant's Earnings Release dated May 14,1997,
a copy of which is attached as exhibit 99 and
incorporated herein by reference.
Arrow Automotive Industries, Inc.
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(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the
undersigned thereunto duly authorized.
Date:May 14, 1997 By:/s/ James F. Fagan
James F. Fagan, Executive Vice President,
Treasurer and Chief Financial Officer
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