U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
Commission File Number 0-22049
(Check One):
[X] Form 10-K and Form 10-KSB [ ] Form 11-K [ ] Form 20-F [ ] Form 10-Q and Form
10-QSB [ ] Form N-SAR
For Period Ended: March 31, 2002
-------------------
[ ] Transition Report on Form 10-K and Form 10-KSB
[ ] Transition Report on Form 20-F
[ ] Transition Report on Form 11-K
[ ] Transition Report on Form 10-Q and Form 10-QSB
[ ] Transition Report on Form N-SAR
For the Transition Period Ended:
---------------------------------------
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:
-------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
PART I
REGISTRANT INFORMATION
- --------------------------------------------------------------------------------
Full Name of Registrant S.W. Lam, Inc.
---------------------------------------------
Former Name if Applicable
---------------------------------------------
Address of Principal Executive Unit 25-32, 2nd Floor, Block B,
Offices (Street and Number) Focal Industrial Centre, 21 Man Lok St.
---------------------------------------------
City, State and Zip Code Hunghom, Hong Kong
---------------------------------------------
- --------------------------------------------------------------------------------
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, 10-KSB, 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, 10-QSB, 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 Forms 10-K, 10-KSB,
11-K. 20-F, 10-Q, 10-QSB, N-SAR, or the transition report or portion thereof
could not be filed within the prescribed time period. (Attach extra sheets if
needed.)
The registrant has experienced delays in completing its financial
statements for the year ended March 31, 2002 as a result of delays in
the receipt of financial information from an unconsolidated affiliated
company, which financial information is necessary to complete the
registrant's financial statements. As a result, the registrant is
unable to file its Form 10-K for the year ended March 31, 2002 by the
prescribed due date.
- --------------------------------------------------------------------------------
PART IV
OTHER INFORMATION
- --------------------------------------------------------------------------------
(1) Name and telephone number of person to contact in regard to this
notification
Michael Sanders 713 547-8900
-------------------- ------------ ------------------
(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
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.
See attached rider
- --------------------------------------------------------------------------------
S.W. LAM, INC.
------------------------------------------
(Name of Registrant as specified in charter)
Has caused this notification to be signed on its behalf by the
undersigned hereunto duly authorized.
Date July 1, 2002 By /s/ Ng Yee Mei
--------------------------------
Ng Yee Mei, Vice President and Director
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.
ATTENTION
Intentional misstatements or omissions of fact constitute Federal criminal
violations (see 18 U.S.C. 1001).
GENERAL INSTRUCTIONS
1. This form is required by Rule 12b-25 of the General Rules and Regulations
under the Securities Exchange Act of 1934.
2. One signed original and four conformed copies of this form and amendments
thereto must be completed and filed with the Securities and Exchange
Commission, Washington, D.C. 20549, in accordance with Rule 0-3 of the
General Rules and Regulations under the Act. The information contained in
or filed with the Form will be made a matter of the public record in the
Commission files.
3. A manually signed copy of the form and amendments thereto shall be filed
with each national securities exchange on which any class of securities of
the registrant is registered.
4. Amendments to the notification must also be filed on Form 12b-25 but need
not restate information that has been correctly furnished. The form shall
be clearly identified as an amended notification.
S.W. LAM, INC.
Form 12b-25
Year Ended March 31, 2002
RIDER
Part IV. Item (3) As a result of a substantial acquisition by the principal
operating subsidiary of the registrant in August 2000, the company's
principal operating subsidiary was reclassified as an affiliate and, since
that acquisition, the company reports the operating results of that
affiliate under the equity method of accounting. As a result of that
transaction, the company anticipates reporting no operating revenues for
the fiscal year ended March 31, 2002. Because the company's operating
results are principally a function of the operating results of its
unconsolidated affiliate and because financial statements of that affiliate
are not yet available, no reasonable estimate of the company's financial
results for the period ended March 31, 2002 can be made at this time.