U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12B-25
NOTIFICATION OF LATE FILING
SEC FILE NUMBER
000-23562
CUSIP NUMBER
594 946 105
(CHECK ONE):
|X| Form 10-K [ ] Form 20-F [ ] Form 11-K | | Form 10-Q [ ] Form N-SAR
For Period Ended: DECEMBER 31, 2001
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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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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.
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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: NOT APPLICABLE
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PART I--REGISTRANT INFORMATION
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Full Name of Registrant: MELTRONIX INC.
Former Name if Applicable: NOT APPLICABLE
Address of Principal Executive Office (Street and Number):
9577 CHESAPEAKE DRIVE
City, State and Zip Code: SAN DIEGO, CALIFORNIA 92123
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PART II--RULES 12B-25(b) AND (c)
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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 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 or Form N-SAR, or portion thereof will be
filed on or before the fifteenth calendar day following the prescribed
|X| 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
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State below in reasonable detail the reasons why 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 period.
THE COMPANY HAS LOST ALL ACCOUNTING STAFF WITH KNOWLEDGE OF CLOSING THE
COMPANY'S COMPUTERIZED BOOKS. THE COMPANY IS DEPENDENT ON OUTSIDE CONSULTANTS TO
ADJUST AND CLOSE THE BOOKS. THE CONSULTANTS ARE ALSO TRAINING THE CURRENT STAFF
ON PROPER CLOSING PROCEDURES. THOSE ACCOUNTING CONSULTANTS HAVE BEEN REVIEWING
AND ENTERING FINAL ADJUSTMENTS IN THE BOOKS FOR FISCAL 2001. THE CONSULTANTS
HAVE LIMITED AVAILABILITY. IN CONNECTION WITH SUCH REVIEWS THE COMPANY SUFFERED
DELAYS IN CLOSING ITS BOOKS FOR FISCAL 2001 AND IN RESOLVING ACCOUNTING AND
REPORTING ISSUES. AS A RESULT THE AUDIT FOR 2001 IS STILL IN PROCESS AND HAS NOT
BEEN COMPLETED. THESE DELAYS COULD NOT HAVE BEEN AVOIDED WITHOUT UNREASONABLE
EFFORT OR EXPENSE.
PART IV--OTHER INFORMATION
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(1) Name and telephone number of person to contact in regard to this
notification
RANDAL D. SIVILLE (858) 292-7000
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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):
Not applicable: |X| Yes [ ] No
(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?
|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.
IN FISCAL 2000, THE COMPANY RECORDED NET LOSS OF $7,284,000
WITH SALES OF APPROXIMATELY $13 MILLION. IN FISCAL 2001 THE COMPANY INCURRED A
NET LOSS OF APPROXIMATELY $6,637,000 WITH SALES OF $2.4 MILLION. BOTH SALES AND
COSTS WERE REDUCED IN FISCAL 2001 AS COMPARED TO FISCAL 2000.
MELTRONIX, 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: APRIL 02, 2002 By /S/ RANDAL D. SIVILLE
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RANDAL D. SIVILLE, 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.
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ATTENTION
Intentional misstatements or omissions of fact constitute Federal Criminal
Violations (See 18 U.S.C. 1001).
Exhibit To
Form 12b-25
Statement Pursuant to Rule 12b-25(c)
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We agree with the statement contained in Part III of the accompanying
Form 12b-25 as to the reasons the Annual Report on Form 10-K of MeltroniX, Inc.
for the year ended December 31, 2001 cannot be filed timely without unreasonable
effort or expense.
/s/ Haskell & White LLP
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HASKELL & WHITE LLP
Irvine, California
April 2, 2002