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U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
SEC File Number 0-21204
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CUSIP Number 824814-10-5
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(Check One): [X] Form 10-K and Form 10-KSB [ ] Form 20-F [ ] Form 11-K
[ ] Form 10-Q and Form 10-QSB [ ] Form N-SAR
For Period Ended: December 29, 2000
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[ ] 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 Attached Instruction Sheet 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
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Full Name of Registrant
Former Name if Applicable
Southern Energy Homes, Inc.
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Address of Principal Executive Office (Street and Number)
Highway 41 North P.O. Box 269
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City, State and Zip Code
Addison, AL 35540
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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;
[X] (b) The subject annual report, semi-annual report, transition
report on Form 10-K, Form 20-F, 11-K, Form N-SAR, or portion
thereof, will be filed on or before the fifteenth calendar
day 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 applicable.
SEC 1344 (11091)
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PART III - NARRATIVE
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State below in reasonable detail the reasons why Form 10-K and Form 10-KSB,
20-F, 11-K, 10-Q and Form 10-QSB, N-SAR, or the transition report or portion
thereof, could not be filed within the prescribed time period. (Attach Extra
Sheets if Needed)
The Company is unable to file its Annual Report on Form 10-KSB for the Year
ended December 29, 2000 within the prescribed time period because an officer who
is a required signatory on the Form 10-KSB is out of the Country and unavailable
to sign the Form. The Company intends to file its Annual Report on Form 10-KSB
on or before 15th calendar day following the prescribed due date.
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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
James A. Hasty 205 747-8589
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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).
Yes [X] 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 [ ]
The Company expects to report a net loss of approximately $17.1 million for the
Year ended December 29, 2000, compared to a net loss of approximate $1.6 million
for the year ended December 31, 1999. Revenues for the year ended December 29,
2000 were approximately $185.4 million, compared to approximately $263.9 million
for the comparable prior period. Primarily as a result of the decline in
revenue, gross profit for the year ended December 29, 2000 declined
approximately $17.8 million to approximately $34.3 million, compared to
approximately $52.1 million, for the comparable prior period. Operating expenses
for the year ended December 29, 2000 declined approximately $3.4 million to
approximately $49.6 million. Accordingly, the increase in net loss of
approximately $15.5 million for the year ended December 29, 2000, as compared
with the comparable prior period, is primarily attributable to the decrease in
gross profit of approximately $17.8 million, resulting primarily from the
decline in revenues, partially offset by the approximate $3.4 million decrease
in operating expenses.
Southern Energy Homes, 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
hereunto duly authorized.
Date: March 28, 2001 By /s/ James A. Hasty
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Name: James A. Hasty
Title: Corporate Controller
SEC 1344 (11091)