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U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
SEC FILE NUMBER: 0-15318
CUSIP NUMBER: 058659 10 3
NOTIFICATION OF LATE FILING
(Check One):
[X] FORM 10-KSB [ ] FORM 11-K [ ] FORM 20-F [ ] FORM 10-Q [ ] FORM N-SAR
For Period Ended September 30, 1997
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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,
indetify the Item(s) to which the notification relates.
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PART I - REGISTRANT INFORMATION
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Full Name of Registrant: Ballistic Recovery Systems, Inc.
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Former Name if Applicable:
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PART II-RULES 12B-25 (b) AND (c)
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[X] (a) The reasons described in reasonable detail in Part III of this form
could not be eliminated without unreasonable effort or expense;
[X] (b) The subject annual report or semi-annual report/portion thereof will
be filed on or before the fifteenth calendar day following the prescribed due
date; or the subject quarterly report/portion thereof will be filed on or
before the fifth calendar day following the prescribed due date; and
2
[ ] (c) The accountant's statement of other exhibit required by rule
12B-26(c) has been attached if applicable.
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PART III-NARRATIVE
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State below in reasonable detail the reasons why form 10-K, 11-K, 20-F,
10-Q or N-SAR or portion thereof could not be filed within the prescribed time
period.
Due to business issues that arose relating to significant research and
development contracts held by the company, the President, who is also the
company's CFO, was unable to complete the timely filing of the Form 10-KSB.
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PART IV-OTHER INFORMATION
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(1) Name and telephone number of person to contact in regard to this
notification.
Mark B. Thomas 612 457-7491
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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 repors(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 [X] 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.
Ballistic Recovery Systems, 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 December 18, 1997 By: Mark B. Thomas
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President and Chief
Executive Officer