UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
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SEC FILE NUMBER
0-16423
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NOTIFICATION OF LATE FILING
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CUSIP NUMBER
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(Check One): [ ] Form 10-K [ ] Form 20-F [ ] Form 11-K
[X] Form 10-Q [ ] Form N-SAR [ ] Form N-CSR
For Period Ended: September 30, 2007
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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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If the notification relates to a portion of the filing checked above, identify
the Item(s) to which the notification relates:
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PART I -- REGISTRANT INFORMATION
SAN Holdings, Inc.
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(Full Name of Registrant)
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(Former Name if Applicable)
9800 Pyramid Court, Suite 130
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(Address of Principal Executive Office (Street and Number))
Englewood, CO 80112
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(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;
| (b) The subject annual report, semi-annual report, transition
| report on Form 10-K, Form 20-F, Form 11-K, Form N-SAR or Form
| N-CSR or portion thereof will be filed on or before the
| fifteenth
[X] | 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 Forms 10-K, 20-F,
11-K, 10-Q, N-SAR or N-CSR, or the transition report or portion thereof, could
not be filed within the prescribed time period.
SAN Holdings, Inc. (the "Company") has determined that additional time
is required to finalize its Quarterly Report on Form 10-Q for the quarter ended
September 30, 2007, and the financial statements for the quarter ended September
30, 2007, required to be included therein (the "Form 10-Q") due to the
additional time required to finalize matters and disclosure relating to the
Company's liquidity position. These matters continue to take a substantial
amount of time to resolve, and executive management and available personnel that
are responsible for the liquidity issues, have been unable to do so in
sufficient time to file the Form 10-Q within the prescribed period. Despite
diligent efforts by the Company, the Company is not able, without unreasonable
effort or expense, to file the Form 10-Q within the prescribed period. The
Company expects to file the Form 10-Q within the five-day extension period.
PART IV -- OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification.
Todd A. Oseth (303) 660-3933
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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 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?
[ ] 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. Explanation of
Part IV, Item 3 (significant change in results of operations)
SAN Holdings, 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
hereunto duly authorized.
Date November 15, 2007 By /s/ Todd A. Oseth
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Todd A. Oseth, Chief Executive Officer
and President
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).