UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12B-25
NOTIFICATION OF LATE FILING
SEC File Number: 000-00439
CUSIP Number: 027284108
(Check One): [ ] Form 10-K [ ] Form 20-F [ ] Form 11-K [X] Form 10-Q
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[ ] Form 10-D [ ] Form N-SAR [ ] Form N-CSR
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For Period Ended: September 30, 2006
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[ ] 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:
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: American Locker Group Incorporated
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Former Name if Applicable:
Address of Principal Executive Office
(Street and Number): 815 South Main Street
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City, State and Zip Code: Grapevine, Texas 76051
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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;
(b) The subject annual report, semi-annual report,
transition report on Form 10-K, Form 20-F, Form 11-K,
Form N-SAR or Form N-CSR, 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
subject distribution report on Form 10-D, 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, 10-D, N-SAR, N-CSR, or the transition report or portion thereof,
could not be filed within the prescribed time period.
As previously disclosed in the Company's Annual Report on Form 10-K for
its fiscal year ended December 31, 2004, which was filed with Securities and
Exchange Commission on July 27, 2005, the Company's Board of Directors adopted a
restructuring plan to reduce annual selling, general and administrative
expenses. Pursuant to that restructuring plan, in September 2005, the Company
centralized and relocated many financial reporting functions and all
administrative functions to its new headquarters in Grapevine, Texas. The
logistics involved in implementing this centralization and relocation have
contributed to the difficulties in completing the requisite financial statements
of the Company for inclusion in its Annual Report on Form 10-K for the fiscal
year ended December 31, 2005 and, in turn, the requisite interim financial
statements of the Company for inclusion in its Quarterly Reports on Form 10-Q
for the fiscal quarters ended March 31, 2006, June 30, 2006 and September 30,
2006. Further, the logistical challenges presented by the previously disclosed
change in the Company's independent registered public accounting firm in late
September 2005 and the previously disclosed resignation of the Company's Chief
Financial Officer in March 2006 have made a delayed filing necessary. During the
past year, the Controller Group LLP, a Dallas-based accounting services
provider, and VCFO Inc. have been engaged to assist in the transition of the
accounting and financial reporting functions to Grapevine, Texas and to review
the fourth quarter 2005 accounting activity in order to prepare the Company's
2005 financial statements for audit. The Company will not be able to complete
the preparation of its financial statements for its fiscal quarter ended
September 30, 2006 and file the Quarterly Report on Form 10-Q for the fiscal
quarter then ended until the Company's financial statements for its 2005 fiscal
year have been completed and the Annual Report on Form 10-K for the fiscal year
ended December 31, 2005 has been filed, and the Company's interim financial
statements for its fiscal quarters ended March 31, 2006 and June 30, 2006 have
been completed and the Quarterly Report on Form 10-Q for the fiscal quarter then
ended has been filed.
PART IV
OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification:
Edward F. Ruttenberg (817) 329-1600
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(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).
[ ] Yes [X] No
Annual Report on Form 10-K for the fiscal year ended December 31, 2005
Quarterly Report on Form 10-Q for the fiscal quarter ended March 31,
2005
(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
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.
American Locker Group Incorporated
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(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned
hereunto duly authorized.
Date: November 13, 2006 By: /s/Edward F. Ruttenberg
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Edward F. Ruttenberg
Chairman, Chief Executive Officer
Chief Operating Officer and Treasurer
INSTRUCTION: The form may be signed by an executive officer of the registrant or
by any other duly authorized representative. The name and title of the person
signing the form shall be typed or printed beneath the signature. If the
statement is signed on behalf of the registrant by an authorized representative
(other than an executive officer), evidence of the representative's authority to
sign on behalf of the registrant shall be filed with the form.
ATTENTION
INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE FEDERAL CRIMINAL
VIOLATIONS (SEE 18 U.S.C. 1001).