UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25 SEC File Number
1-12396
CUSIP Number
07384R-30-9
NOTIFICATION OF LATE FILING
For Period Ended: March 31, 2001
(Check one): Form 10-K Form 20-F Form 11-K X Form 10-Q Form N-SAR
If the notification relates to a portion of the filing checked above, identify
the Item(s) to which the notification relates:
Not applicable
PART I - REGISTRANT INFORMATION
THE BEARD COMPANY
(Exact name of registrant as specified in its charter)
Enterprise Plaza, Suite 320
5600 N. May
Oklahoma City, Oklahoma 73112
(Address of principal executive office)
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 quarterly report on Form 10-Q 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 the Form 10-Q could not be
filed within the prescribed time period.
The Beard Company (the "Company") utilizes decentralized accounting for the
operations of several of the subsidiaries in the consolidated group. As a result
of delays in closing the books of accounts of an entity in which the Company has
a material equity investment more time is needed to prepare complete and
accurate consolidated financial statements.
The issues involved could not be resolved in time to meet the required filing
deadline.
PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
Herb Mee, Jr. 405 842-2333
President - Chief (Area code) (Telephone Number)
Financial Officer
(Name)
(2) Have all other periodic reports required under Section 13 or 15(d) or the
Securities Exchange Act of 1934 been filed? If 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 Beard Company (the "Company") anticipates there will be a significant change
in results of operations from the three months ended March 31, 2000 to the
three months ended March 31, 2001. The Company presently anticipates that its
results of operations for the three months ended March 31, 2001 will reflect
a loss of $484,000 compared to a loss of $788,000 for the three months ended
March 31, 2000. The Company is, however, finalizing the accounting treatment
of certain transactions between it and an entity in which the Company has a
material equity investment. Depending on the final treatment, the impact of
these transactions may not be reflected in the above estimate.
SIGNATURES
THE BEARD COMPANY has caused this notification to be signed on its behalf
by the undersigned hereunto duly authorized.
By: HERB MEE, JR.
Herb Mee, Jr.
President - Chief Financial Officer
Date: May 15, 2001