FORM 12b-25
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
NOTIFICATION OF LATE FILING Commission File No. 0-25634
(Check One): [ ] Form 10-K [ ] Form 20-F [ ] Form 11-K
[X] Form 10-Q [ ] Form N-SAR
For the Fiscal Quarter Ended March 31, 2002
[ ] 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: 860 Boardman - Canfield Road
Boca Building, Suite 107
Boardman, Ohio 44512
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:
The Company has not yet filed its Annual Report on Form 10-K for the fiscal year
ended December 31, 2001. As previously disclosed, 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 (the Filing). In conjunction with the Filing, the Company has
completed the disposition of several of its businesses during the first quarter
of 2002. This has resulted in the delayed closing of the year-end 2001 financial
records for some of the Company's subsidiaries and operating divisions. Further,
the Company has been determining the impact of these dispositions on the
December 31, 2001 financial statements. Therefore, the Company has been delayed
in compiling the information necessary for completing the audit of its financial
statements for 2001. The Company will file its Annual Report on Form 10-K as
promptly as possible following finalization of its audited financial statements
for 2001.
Since the Company has not yet finalized its audited financial statements for the
year ended December 31, 2001, it is not able to complete its unaudited financial
statements for the three-month period ended March 31, 2002. The Company will
complete its first quarter 2002 financial statements as promptly as possible
following finalization of its audited financial statements for 2001 and will
file its Form 10-Q for the three months ended March 31, 2002 as promptly as
possible after the first quarter financial statements are finalized.
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 No X
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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.
As previously disclosed, 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 (the Filing). In conjunction with the Filing, the Company
has completed the disposition of several of its businesses during the first
quarter of 2002. The Company expects to recognize a net gain of
approximately $300,000 on the sale of these businesses during the first
quarter of 2002.
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: May 16, 2002 By: /S/ Joseph Dominijanni
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Joseph Dominijanni
President