U.S.
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 12b-25
Notification of Late Filing
Commission File Number 1-7737
CUSIP Number 042727107
(Check One):
(X) Form 10-K and Form 10-KSB ( ) Form 20-F
( ) Form 11-K ( ) Form 10-Q and Form 10-QSB
( ) Form N-SAR
For Period Ended: June 27, 1998
( ) 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: Arrow Automotive Industries, Inc.
Former Name if Applicable:
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Address of Principal Executive
Office (Street and Number): 3 Nabco Avenue
City, State and Zip Code: Conway, AR 72032-7121
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):
[ ] (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 on Form 10-K will be
filed on or before the 15th 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.
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PART III
NARRATIVE
State below in reasonable detail the reasons why the Form 10-K could
not be filed within the prescribed period:
In August, 1998, upon termination of its Massachusetts lease, the
Registrant relocated its corporate headquarters, including its corporate
accounting and financial reporting functions, from Framingham, Massachusetts to
Conway, Arkansas. To prepare for such transition, the Registrant (1) hired
replacement personnel in Arkansas to supervise and direct the filing of the Form
10-K with the assistance of the Arkansas support staff and (2) entered into
stay-put arrangements with existing Massachusetts personnel. Unexpectedly, the
Massachusetts personnel left two (2) months earlier than originally anticipated
and the Arkansas replacement left three (3) months after beginning work for the
Registrant. The effects of these losses were compounded when the Chief Financial
Officer became ill in late August/early September and was no longer able to
work. It has not yet been determined if and when the CFO will be able to return
to work. As a result, the Registrant has not completed its financial statements
for the year ended June 27, 1998.
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PART IV
OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification:
Kathaleen M. Carroll-Coelho 617 520-6668
(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?
[ ] 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 attached Exhibit A which is incorporated herein by reference.
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Arrow Automotive Industries, 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, 1998 By: /s/ Kathaleen M. Carroll-Coelho
Kathaleen M. Carroll-Coelho,
Vice President and Controller
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EXHIBIT A
The Registrant has continued to experience losses in the fourth quarter of 1998.
For the reasons stated in Part III above, the results of the fourth quarter have
not yet been finalized, and the Registrant is unable to reasonably estimate
whether there has been a significant change in results of operations compared to
fiscal 1997.
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