UNITED STATES
SECURITIES AND EXCHANGE COMMISSION SEC FILE NUMBER
Washington, D.C. 20549 1-8654
FORM 12b-25 CUSIP NUMBER
913253-10-0
NOTIFICATION OF LATE FILING
(Check One):[X]Form 10-K [ ]Form 20-F [ ]Form 11-K [ ]Form 10-Q [ ]Form N-SAR
For Period Ended: August 31, 1995
_______________
[ ] 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: __________________________
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READ INSTRUCTION (ON BACK PAGE) 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.
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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
UNITEL VIDEO, INC.
________________________________________________________________________________
Full Name of Registrant
________________________________________________________________________________
Former Name if Applicable
855 Tenth Avenue
________________________________________________________________________________
Address of Principal Executive Office (Street and Number)
New York, NY 10019
________________________________________________________________________________
City, State and Zip Code
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)
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, 11-K or Form N-SAR, or portion thereof,
[ X ] will be filed on or before the fifteenth calendar day following
the prescribed due date; or the subject quarterly report of
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
c. The accountant's statement or other exhibit required by Rule
12-b-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,
N-SAR, or the transition report or portion thereof, could not be filed within
the prescribed time period.
SEE ATTACHED SHEET - NOTE A
(Attach Extra Sheets if Needed)
PART IV -- OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
Barry Knepper, Senior Vice President - Finance and
Administration 212 581-9411
____________________________________________ _________ _________________
(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 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 results cannot be made.
SEE ATTACHED SHEET - NOTE B
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UNITEL VIDEO, INC.
___________________________________________________________________
(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 30, 1995 By /s/ Barry Knepper
___________________ ___________________________
Barry Knepper, Senior Vice President-
Finance and Administration
FORM 12b-25 OF UNITEL VIDEO, INC.
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NOTE A - SUPPLEMENT TO PART III
The Registrant was unable to file its Annual Report on Form 10-K for
its fiscal year ended August 31, 1995 (the "Form 10-K") on or before the
prescribed due date of November 29, 1995. The Registrant is in the process of
completing a refinancing of a substantial amount of its bank and institutional
indebtedness, which is expected to be completed no later than the fifteenth
calendar day after the prescribed due date for the Form 10-K. The Registrant
believes that the effect on the financial statements and financial statement
footnotes, as well as the narrative disclosures (including Management's
Discussion and Analysis and Results of Operations), to be contained in the Form
10-K will be material. The Registrant expects to file the Form 10-K on or before
December 14, 1995.
NOTE B - SUPPLEMENT TO PART IV
On November 30, 1995, the Registrant issued a press release announcing,
among other things, results of operations for its fiscal year ended August 31,
1995. The Registrant reported revenue of $83,285,000 for the year ended August
31, 1995 ("fiscal 1995") compared to $80,498,000 for the year ended August 31,
1994 (fiscal 1994"), an increase of $2,787,000. The Registrant also reported a
net loss of $6,547,000 for fiscal 1995, compared to net earnings of $859,000 for
fiscal 1994. The net loss for fiscal 1995 included one-time pre-tax charges,
aggregating $8,081,000, as follows: an impairment charge of approximately
$4,681,000 in respect of the assets of its three Editel divisions, which
incurred losses of approximately $3,682,000 during fiscal 1995 and for which the
Registrant announced it was seeking a buyer; an impairment charge of
approximately $3,000,000 in respect of the assets of its Windsor division; and a
restructuring charge of approximately $400,000 in respect of the Registrant's
Editel-Chicago division in connection with the downsizing and reorganization of
that division during fiscal 1995.