SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 12b-25
Commission File Number [0-19086]
NOTIFICATION OF LATE FILING
(Check One): |X| Form 10-K |_|Form 11-K |_|Form 20-F |_| Form 10-Q
For Period Ended: June 30, 2001
|_| Transition Report on Form 10-K |_|Transition Report on Form 10-Q
|_| Transition Report on Form 20-F |_|Transition Report on Form N-SAR
|_| Transition Report on Form 11-K
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
Full name of registrant GOURMET GROUP, INC.
Former name if applicable
Address of principal executive office (Street and number)
1 Chisholm Trail
City, State and Zip Code Buda, Texas 78610
Part II. Rule 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 appropriate box.)
|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, 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 fifth calendar day following the
prescribed due date; and
|X| (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, 11-K, 20-F, 10-Q,
N-SAR or the transition report portion thereof could not be filed within the
prescribed time period.
The Registrant is waiting to receive from its lender a waiver of certain
defaults and violations in the fiscal year ended June 30, 2001 of financial
covenants made by the Registrant to the lender. The Registrant's financial
statements and disclosures for its fiscal year ended June 30, 2001 are
materially affected by whether or not the Company receives a waiver from its
lender.
Part IV. Other Information
(1) Name and telephone number of person to contact in regard to this
notification
Ryan Schooler (512) 312-0555
(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?
|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 Registrant expects that its net sales were $1,028,000 higher during the
fiscal year ended June 30, 2001 than during the fiscal year ended June 30, 2000.
The Registrant also expects a loss of $608,000 for the fiscal year ended June
30, 2001 compared to a loss of $824,000 for the fiscal year ended June 30, 2000.
The decrease in the Registrant's net loss was primarily due to the increase in
net sales described above.
GOURMET GROUP, INC.
(Name of registrant as specified in charter)
Has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.
Date September 28, 2001 By /s/ Ryan Schooler
------------------------- -----------------------------------------
Ryan Schooler, Chief Financial Officer
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