SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12B-25
Commission File Number: 0001-000052
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NOTIFICATION OF LATE FILING
|_| Form 10-K |_| Form 11-K |_| Form 20-F |X| Form 10-Q |_| Form N-SAR
For Period Ended: June 30, 2000
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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 Transition Period Ended: Not applicable.
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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: Not applicable.
PART I
REGISTRANT INFORMATION
Full name of registrant: Sunbeam Corporation
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Former name, if applicable: Not Applicable
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Address of principal executive office: 2381 Executive Center Drive
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City, state and zip code: Boca Raton, Florida 33431
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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 box if appropriate.)
(a) The reason described in 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 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 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.
Sunbeam Corporation (the "Company") determined that it required an
amendment to its bank credit facility to amend the covenant on cumulative
earnings before interest, taxes, depreciation and amortization and to
provide a supplemental revolving credit line. After extensive negotiations,
the amendment to the bank credit facility was agreed upon by the Company
and its lenders late in the day on August 11, 2000.
As a result of the significant time and effort expended by the
Company's management in connection with the negotiation of the credit
facility amendment referred to above, the Company will not be in a position
to timely file its Quarterly Report on Form 10-Q for the fiscal period
ended June 30, 2000. Nevertheless, the Company does intend to file its
Quarterly Report on Form 10-Q for the fiscal period ended June 30, 2000, no
later than the fifth calendar day following the prescribed due date, as
contemplated by Rule 12b-25(b)(2) promulgated under the Securities Exchange
Act of 1934, as amended.
PART IV
OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification:
Steven R. Isko, Esq. (561) 912-4100
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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).
|_| Yes |X| No
The Company's Annual Report on Form 10-K for the fiscal year ended December
31, 1999, which was required to be filed with the Commission on or before
March 31, 2000, was not filed with the Commission until May 2, 2000. The
Company's Form 11-K for the fiscal year ended December 31, 1999, which was
required to be filed with the Commission on or before June 28, 2000, was
not filed with the Commission until July 7, 2000.
(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
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.
Sunbeam 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
thereunto duly authorized.
Date: August 14, 2000 By: /s/ Steven R. Isko
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Steven R. Isko
Senior Vice President and General Counsel