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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 12b-25
Commission File Number 001-14509
NOTIFICATION OF LATE FILING
(Check One): [ ] Form 10-K [ ] Form 11-K [ ] Form 20-F [X] Form 10-Q
[ ] Form N-SAR
For Period Ended: September 30, 1998
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[ ] Transition Report on Form 10-K [ ] Transition Report on Form 10-Q
[ ] Transition Report on Form 20-F [ ] Transition Report on Form N-SAR
[ ] Transition Report on Form 11-K
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.
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 registrant Easyriders, Inc.
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Former name if applicable
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Address of principal executive office (Street and number)
28210 Dorothy Drive
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City, State and Zip Code Agoura Hills, CA 91301
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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 appropriate box.)
[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, 20-F, 11-K or Form N-SAR, or portion thereof will be filed on
or before the 15th 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.
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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.)
Please see attached.
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PART IV. OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
William Nordstrom 818 889-8740
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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 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.
Easyriders, 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 November 16, 1998 By /s/ William Prather
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William Prather
President and
Chief Financial Officer
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PART III - (NARRATIVE)
The Registrant was formed by Newriders, Inc. ("Newriders") on May 13,
1998 for the purpose of acquiring all of the outstanding common stock of Paisano
Publications, Inc. and its affiliated entities (the "Paisano Companies") and all
of the outstanding membership interests of M&B Restaurants, L.C. ("M&B").
Immediately following Easyriders' acquisition of the Paisano Companies and M&B
on September 23, 1998, Easyriders issued to the shareholders of Newriders one
share of Easyriders common stock, par value $.001 per share, for each two shares
of Newriders common stock held by such shareholders. Simultaneously with this
share exchange, Newriders merged with a subsidiary of Easyriders (the "Merger")
with the result that Newriders became a wholly-owned subsidiary of Easyriders.
All of these events (collectively, the "Reorganization") are described in the
Registrant's Registration Statement on Form S-4 (File Number 333-5850), filed
with the SEC on September 11, 1998.
Because the results of operations of the Registrant for the
corresponding period in the prior year do not include the Paisano Companies or
M&B, the results of operations of the Registrant in the current period will show
a significant change on a year to year basis.
The time commitment of senior management required to complete the
Reorganization and successfully integrate the operations of the constituent
corporations has been significant. Due to this reason, the financial data and
information required to be included in the Registrant's Quarterly Report on Form
10-Q for the period ended September 30, 1998 could not have been compiled by the
Registrant within the prescribed period without unreasonable effort and expense.
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