UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25 SEC File Number
1-12396
NOTIFICATION OF LATE FILING
For Period Ended: December 31, 1998
(Check one): Form 10-K X Form 20-F Form 11-K 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 annual report will be filed on or before the fifteenth
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-K 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 for several of those
companies more time is needed to prepare complete and accurate consolidated
financial statements.
In addition, the filing process has been delayed by the absence of the
Company's chief accounting officer due to an illness in the family.
The issues 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. See below explanation.
The Company anticipates that there will be a significant change in re-
sults of operations from the year ended December 31, 1997 to the year ended
December 31, 1998. The Company anticipates that its 1998 results of opera-
tions will reflect a loss in excess of $3 million, compared to income of $9
million for 1997.
SIGNATURES
THE BEARD COMPANY has caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
By: HERB MEE, JR.
Herb Mee, Jr.
President - Chief Financial
Officer
Date: March 30, 1999