U. S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D. C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
SEC FILE NUMBER
1-5555
CUSIP NUMBER
949476105
[X] Form 10-Q and Form 10-QSB
For Period Ended: Fiscal quarter ending March 28, 1998
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Nothing in this form shall be construed to imply that the Commission has
verified any information contained herein.
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If the notification related to a portion of the filing checked above, identify
the item(s) to which the notification relates: N/A
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Part 1-Registrant Information
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Full Name of Registrant Wellco Enterprises, Inc.
P. O. Box 188, 150 Westwood Circle
( Address of Principal Executive Office)
Waynesville, NC 28786
(City, State and Zip Code)
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Part III- Narrative
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Stated below is the reason why Form 10-Q could not be filed within the
prescribed period:
On April 3, 1998, the Registrant executed an agreement providing for
its supplying certain information to an agency of the United States
Government in support of the Registrant's claim relating to a dispute
with that agency over certain action taken by that agency which was
detrimental to the Registrant. All data needed to support the
accounting for this claim was not available until May 12, 1998, the due
date for this Form 10-Q. This did not allow enough time for the
Registrant to complete the accounting and disclosure related to this
claim. The form 10-Q will be filled on May 14, 1998.
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Part IV-Other Information
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(1) Name and telephone number of person to contact in regard to this
notification is David Lutz, 828-456-3545, extension 102.
(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?
[ 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.
The income statement for the fiscal quarter ended March 28, 1998 will
include an item of income for this claim. This will have the affect of
making this quarters net income significantly greater then the prior
year fiscal quarter. In the prior year quarter, the Registrant had a
loss.
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Wellco Enterprises, Inc. has caused this notification to be signed on its behalf
by the undersigned thereunto duly authorized.
Date: May 13, 1998 By/s/ David Lutz
David Lutz, President
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