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SEC FILE NUMBER
000-24209
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CUSIP NUMBER
831913108
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
(Check one): |_| Form 10-KSB |_| Form 20-F |_| Form 11-K |X| Form 10-Q
|_| Form 10-D |_| Form N-SAR |_| Form N-CSR
For Period Ended: April 30, 2009
|_| 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 Instructions (on back page) 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:
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PART I -- REGISTRANT INFORMATION
SmarTire Systems Inc.
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Full Name of Registrant
N/A
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Former Name if Applicable
5781 Lee Blvd., Suite 208, Box 243
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Address of Principal Executive Office (Street and Number)
Lehigh Acres, FL 33971
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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)
|X| (a) The reason 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 calendar
|X| day following the prescribed due date; or the subject quarterly
report or transition report on Form 10-Q or subject distribution
report on Form 10-D, 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 why Forms 10-K, 20-F, 11-K, 10-Q, 10-D, N-SAR,
N-CSR, or the transition report or portion thereof, could not be filed within
the prescribed time period.
Additional time is required to file the Company's Form 10-Q quarterly report for
the three and nine months ended April 30, 2009. We expect to file during the
extension period.
PART IV -- OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
David Dodge (239) 691-1873
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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?
|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.
Prior to December 11, 2008, the Company and its subsidiaries developed and
marketed products incorporating wireless data transmission and processing
technologies, primarily for the automotive and transportation industries.
The Company's primary product was a wireless tire monitoring system which
it marketed for use on trucks, buses, off the road vehicles, recreational
vehicles, buses and other pneumatic tire applications.
On December 11, 2008, the Company completed the sale of its tire pressure
monitoring system business (the "TPMS Business"), along with substantially
all of its assets and certain of its liabilities (the "Asset Sale"), to
Bendix Commercial Vehicle Systems LLC (the "Buyer"). The Company retains
the right to receive future earn-out payments due pursuant to the Asset
Sale, as well as to litigate certain of its tire pressure monitoring
related patents. The Company also retains certain operating liabilities
and all of the convertible debt and convertible preferred stock that was
outstanding prior to the Asset Sale.
Results of operations for the three and nine months ended April 30, 2009
will reflect the results of the TPMS Business as "discontinued
operations." Results of operations of the TPMS Business for the three and
nine months ended April 30, 2008 will also be reclassified to
"discontinued operations" for comparative purposes.
SmarTire Systems 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 June 16, 2009 By /s/ David Dodge
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David Dodge, Interim Chief Financial Officer