U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.
FORM 12b-25
NOTIFICATION OF LATE FILING SEC File Number 1-9734
[ ] Form 10-K and Form 10-KSB [ ] Form 20-F [x] Form 10-Q and Form 10-QSB
[ ] Form N-SAR
For Period Ended: December 27, 1997
Transition Report on Form 10-Q [ ]
Transition Report on Form 10-K [ ]
Transition Report on Form N-SAR [ ]
Transition Report on Form 20-F [ ]
Transition Report on Form 11-K [ ]
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: Oneita Industries, Inc.
Former Name if applicable:
Address of Principal Executive Office:
4130 Faber Place Drive, Suite 200
Ashley Corporate Center
North Charleston, South Carolina 29405
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.
[ ] (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 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 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 financial statements and related material are not presently available.
Part IV - Other Information
(1) Name and telephone number of person to contact in regard to this
notification:
William Boyd 803-529-5225
(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.
Oneita Industries, Inc. has caused this notification to be signed on its
behalf by the undersigned thereunto duly authorized.
Date: February 6, 1998 By: /s/William H. Boyd
William H. Boyd
Vice President and Treasurer
ATTENTION
Intentional misstatements or omissions of fact constitute Federal Criminal
Violations (See 18 U.S.C. 1001).
Sales for the 1998 first quarter will be approximately $26,500,000 compared
to $33,900,000 for the 1997 first quarter. The decrease of $7,400,000 was the
result of lower units sold and lower unit sales prices.
Net income for the 1998 first quarter is estimated to be a loss between
$9,500,000 and $10,500,000 compared to a loss of $5,900,000 last year. The
increased loss was caused by the unit price decrease mentioned above and
inventory write downs to estimated fair market value both offset by reduced
manufacturing costs.