UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
(Check One): [_] Form 10-K [_] Form 20-F [_] Form 10-K
[X] Form 11-K [_] Form N-SAR
For Period Ended: December 31, 2000
-------------------------
[_] Transition Report on Form 10-K
[_] Transition Report on 20-F
[_] Transition Report on Form 11-K
[_] Transition Report on Form 10-Q
[_] Transition Report on N-SAR
For the Transition Period Ended:
-----------------------------
- --------------------------------------------------------------------------------
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
IKON Office Solutions, Inc.
- --------------------------------------------------------------------------------
Full name of Registrant
- --------------------------------------------------------------------------------
Former Name if Applicable
70 Valley Stream Parkway
- --------------------------------------------------------------------------------
Address of Principal Executive Officer (Street and Number)
Malvern, PA 19355
- --------------------------------------------------------------------------------
City, State and Zip Code
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)
(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, 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, 11-K, 10-Q,
N-SAR, or the transition report or portion thereof, could not be filed within
the prescribed time period. (Attach Extra Sheets if Needed)
Due to the transition of certain financial reporting matters to a new trustee of
the IKON Office Solutions, Inc. Retirement Savings Plan (the "Plan"), the
Registrant has been unable to compile, without unreasonable effort and
significant expense, the required financial information and back-up
documentation required for the preparation of the Report on Form 11-K for the
Plan.
PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification.
Allister H. McCree, Jr. (610) 407-4943
------------------------------ -----------------------------------
(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 reports) been filed? If
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.
During the year ended December 31, 2000, net assets of the Plan decreased
from $347,146,249 at December 31, 1999 to approximately $279,888,402 due
substantially to losses on investments.
- --------------------------------------------------------------------------------
IKON Office Solutions, 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 June 29, 2001 By: /s/ William Urkiel
-------------- ----------------------------
William S. Urkiel,
Senior Vice President &
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'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).
- --------------------------------------------------------------------------------
June 29, 2001
Mr. William Urkiel
Senior Vice President and
Chief Financial Officer
IKON Office Solutions, Inc.
70 Valley Stream Parkway
Malvern, Pennsylvania 19355
You have furnished us with a copy of your "Notification of Late Filing" on Form
12b-25 dated June 28, 2001.
We are in agreement with the comments under Part III of the Form with respect to
the reasons why we are unable to furnish our report on the financial statements
of IKON Office Solutions, Inc. Retirement Savings Plan on or before the date the
Form 11-K of IKON Office Solutions, Inc. Retirement Savings Plan for the year
ended December 31, 2000 is required to be filed.
Very truly yours,
PricewaterhouseCoopers LLP
Philadelphia, PA