SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 12b-25
Commission File Number 0-22486
NOTIFICATION OF LATE FILING
(Check One): |X| Form 10-K o Form 11-K o Form 20-F o Form 10-Q
o Form N-SAR
For Period Ended: December 31, 1997
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o Transition Report on Form 10-K o Transition Report on Form 10-Q
o Transition Report on Form 20-K o Transition Report on Form N-SAR
o Transition Report on Form 11-K
For the Transition Period Ended:
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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 registran IAT Multimedia, Inc.
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Former name if applicable
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Address of principal executive office (Street and number)
Geschaftshaus Wasserschloss
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Aarestrasse 17
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City, State and zip code CH-5300 Vogelsang-Turgi, Switzerland
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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 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, 20-F, 11-K or Form N-SAR, or portion
thereof will be filed on or before the 15th calendar day
|X| following the prescribed due date; or the subject quarterly
report or 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
12b-25(c) has been attached if possible.
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PART III
NARRATIVE
State below in reasonable detail the reasons why Form 10-K, 11-K, 20-F,
10-Q, N-SAR or the transition report portion thereof could not be filed within
the prescribed time period. (Attach extra sheets if needed.)
The registrant's annual report on Form 10-K could not be timely filed due
to the significant amount of time required by management to effect the recent
transfer of the business and certain of the assets and liabilities of the
registrant's subsidiaries, IAT Deutschland GmbH Interaktive Mediensysteme and
IAT AG, as described in the registrant's Form 8-K filed on March 20, 1998 (the
"Spinoffs").
PART IV
OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
Klaus Grissemann 011-41-56-223-5022
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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 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?
|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 registrant acquired 100% of the shares of capital stock of the general
partner of FSE Computer-Handel GmbH & Co. KG ("FSE") and 80% of the limited
partnership interests of FSE, in November 1997, as described in its Current
Report on Form 8-K filed on November 13, 1997, and entered into the Spinoffs in
March 1998. The acquisition of FSE will cause significant changes to the
earnings statements to be included compared to the corresponding period for the
last fiscal year. As a result of the acquisition of FSE, the registrant's net
sales increased from approximately $1.2 million in 1996 to approximately $5.9
million in 1997. The registrant anticipates that its 1997 loss will be greater
than its 1996 loss. More detailed estimates of results cannot be made at this
time for the reasons described in Part III.
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IAT Multimedia, Inc.
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(Name of Registrant as Specified in Charter)
Has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.
Date March 31, 1998 By: /s/ Klaus Grissemann
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Klaus Grissemann
Director and CFO
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