UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SEC File Number
0-11331
NOTIFICATION OF LATE FILING CUSIP Number
713 75 T104
(Check One): [ ] Form 10-K and Form 10-KSB [ ] Form 20-F [ ] Form 11-K
[X] Form 10-Q and form 10-QSB [ ] Form N-SAR
For Period Ended: March 31, 1996
[ ] 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
Form the Transition Period Ended:________________________________
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Read 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
PERFORMANCE INDUSTRIES, INC.
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Full Name of Registrant
N/A
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Former Name if Applicable
2425 E. CAMELBACK RD. , SUITE #620
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Address of Principal Executive Office (Street and Number)
PHOENIX, AZ 85016
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City, State and Zip Code
PART II - RULES 12b-25 (b) and (c)
If the subject 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;
[X] (b) The subject annual report, semi-annual report, transition
report on Form 10-K, Form 11-K, or 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-2S (c) has been attached if applicable.
PART III - NARRATIVE
State below in reasonable detail the reasons why the Form 10-K and form 10-KSB,
11-K, 20-F, 10-Q and form 10-QSB, N-SAR, or the transition report or portion
thereof, could not be filed within the prescribed period.
Due to a reduction in staff, the sale of a subsidiary, and the closure of one
unit of the restaurant group, there has been a delay in completing the financial
statements and management discussion and analysis which cannot be resolved
without hardship.
PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification:
Jim Brown (602) 912-0300
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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 answer is no, identify report (s).
[X] Yes [ ] No
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(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
narrantively and quantitatively, and, if appropriate, state the reasons
why a reasonable estimate of the results cannot be made. See below.
The Company's loss for the second quarter is in excess of $1,000,000.
The loss results from the closure of one restaurant unit and the write
off of $450,000 in assets related hereto, higher interest costs and the
discount of a note receivable in exchange for an immediate cash
payment.
PERFORMANCE INDUSTRIES, 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.
PERFORMANCE INDUSTRIES, INC.
DATE: August 15, 1996
/s/ James W. Brown
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James W. Brown