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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
Commission File Number
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(Check One):
[ ] Form 10-K [ ] Form 20-F [ ] Form 11-K [X] Form 10-Q [ ] Form N-SAR
For Period Ended: September 30, 1996
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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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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
REDDI BRAKE SUPPLY CORPORATION
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Full Name of Registrant
Wesco Auto Parts Corporation
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Former Name if Applicable
1376 Walter Street
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Address of Principal Executive Office (Street and Number)
Ventura, California 93003
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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 Rules 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 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 12b-25(c) has been attached
if applicable.
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PART III--NARRATIVE
State below in reasonable detail the reasons why the Form 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. (ATTACH EXTRA SHEETS IF NEEDED)
The registrant's inability to file its Form 10-Q for the quarterly period ended
September 30, 1996 is due to the fact that the registrant has experienced
delays in finalizing certain information necessary for the completion of its
financial statements for this quarterly period, resulting in a delay in the
preparation of the Form 10-Q.
PART IV--OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to
this notification
Sandford Waddell (805) 644-8355
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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 of 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 anticipates reporting net sales of $16,700,000 for the
three months ended September 30, 1996, as compared to net sales of $15,300,000
for the same period last year. The registrant also anticipates reporting a net
loss of approximately $2,100,000 for the three months ended September 30, 1996.
This net loss was attributable in part to a decrease in the gross profit
percentage to 36% in the three months ended September 30, 1996, as compared to
42% during the same period of the prior year. In addition, warehouse operating
and selling expenses increased to 37% of sales for the three months ended
September 30, 1996, compared to 31% during the same period of the prior year.
The increase in sales for the three months ended September 30, 1996
was primarily due to significant increases in same warehouse sales.
Since the registrant's financial statements have not yet been
finalized, the estimates provided herein may be subject to further adjustment.
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Reddi Brake Supply Corporation
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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 November 14, 1996 By /s/ Sandford Waddell
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Sandford Waddell,
Chief Financial Officer
INSTRUCTION: The form may be signed by an executive officer of the registrant
or by any other duly authorized representative. The name and title of the
person signing the form shall be typed or printed beneath the signature. If
the statement is signed on behalf of the registrant by an authorized
representative (other than an executive officer), evidence of the
representative's authority to sign on behalf of the registrant shall be filed
with the form.
ATTENTION
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Intentional misstatements or omissions of fact constitute Federal Criminal
Violations (See 18 U.S.C. 1001)
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(Attach Extra Sheets If Needed)