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FORM 12b-25
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
NOTIFICATION OF LATE FILING Commission File No. 0-25634
(Check One): [X] Form 10-K [ ] Form 20-F [ ] Form 11-K
[ ] Form 10-Q [ ] Form N-SAR
For the Fiscal Year Ended December 31, 2000
[ ] 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 Transaction Period Ended: Not Applicable
PART I - REGISTRANT INFORMATION
Full name of registrant: American Architectural Products
Corporation
Former name: Not Applicable
Address of Principal Executive Office: 3000 Northwest 125th Street
Miami, Florida 33167
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;
(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.
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:
On December 18, 2000, the Company filed for voluntary bankruptcy protection
under Chapter 11 of the United States Bankruptcy Code in the United States
Bankruptcy Court in the Northern District of Ohio. Consequently, the Company has
expended significant effort accumulating and reporting information required by
the Bankruptcy Court, working on a plan of reorganization, and determining the
impact of the Bankruptcy filing on the company's financial statements and
disclosure requirements. This has resulted in the delayed closing of the
year-end 2000 financial records for some of the Company's subsidiaries and
operating divisions. Therefore, the Company has been delayed in compiling the
information necessary for completing the audit of its financial statements for
2000. The Company will file its Annual Report on Form 10-K as promptly as
possible following finalization of its audited financial statements for 2000.
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PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification:
Joseph Dominijanni (724) 940-2330
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(Name) (Area Code) (Telephone Number)
(2) Have all other 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?
Yes X 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?
Yes X No
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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.
On December 18, 2000, the Company filed for voluntary bankruptcy protection
under Chapter 11 of the US Bankruptcy code. The company expects to record
in excess of $2 million of reorganization costs directly related to the
bankruptcy.
On February 23, 2001, the Company announced the shutdown of its Ottawa,
Ohio facility. The Company is in the process of determining the accounting
implications of this decision.
The Company is determining the amount of impairment of any long-lived
assets, if any, as a result of the bankruptcy filing and other recent
events.
American Architectural Products 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: April 3, 2001 By: /S/ Joseph Dominijanni
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Joseph Dominijanni
President