-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, OrAAcSDP610eq3PSOyHWXaHTcUnnxNECE3oD7p5tTnzpq1mfL85XtW69+ey8wOR3 HYg0Gzy0/gnNzkEwrik25A== 0000937599-98-000005.txt : 19980817 0000937599-98-000005.hdr.sgml : 19980817 ACCESSION NUMBER: 0000937599-98-000005 CONFORMED SUBMISSION TYPE: NT 10-Q PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19980630 FILED AS OF DATE: 19980814 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: AID AUTO STORES INC /DE/ CENTRAL INDEX KEY: 0000937599 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-MOTOR VEHICLE SUPPLIES & NEW PARTS [5013] IRS NUMBER: 112254654 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: NT 10-Q SEC ACT: SEC FILE NUMBER: 001-13710 FILM NUMBER: 98689374 BUSINESS ADDRESS: STREET 1: 275 GRAND BLVD STREET 2: P.O. BOX 281 CITY: WESTBURY STATE: NY ZIP: 11590 BUSINESS PHONE: 5163387889 NT 10-Q 1 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 12b-25 Commission File Number 1-13710 NOTIFICATION OF LATE FILING (Check One) [ ] Form 10-K [ ] Form 11-K [ ] Form 20-F [X] Form 10-Q [ ] Form N-SAR For Period Ended: June 30, 1998 ---------------------------------------------------------- [ ] Transition Report on Form 10-K [ ] Transition Report on Form 10-Q [ ] Transition Report on Form 20-F [ ] Transition Report on Form N-SAR [ ] Transition Report on Form 11-K 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: NOT APPLICABLE ---------------------------------------------------------------------------- Part I - Registrant Information Aid Auto Stores, Inc. - ------------------------------------- Full name of registrant - ------------------------------------- Former name if applicable 275 Grand Boulevard - ------------------------------------------------------------------------- Address of principal executive office (street and number) Westbury, New York 11590 - --------------------------------------- City, State and Zip Code 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) [ ] (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, 20-F, 11-K or Form 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, or portion thereof will be filed on or before the fifth calendar day following the prescribed due date: and [ ] (c) The account'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 Form 10-K, 11-K, 20F, 10-Q, N-SAR or the transition report portion thereof could not be filed within the prescribed time period. Due to recent cost reductions, including accounting personnel, the Company was unable to adjust to filing the Form 10-Q within the prescribed time period. Part IV - Other Information (1) Name and telephone number of person to contact in regard to this notification. Mr. Frank Mangano (516) 338-7889 - ----------------------------------------------------------------------------- (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 Is it anticipated that any significant change in result 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. The Company anticipates a significant decline in the results of operations for the three months ended June 30, 1998 as compared to the three months ended June 30, 1997. This decline is attributed to the reduced sales volume in connection with the de-emphasis of the Company's wholesale business, reductions in advertising expenditures due to working capital constraints, reduction in inventory purchase levels due to working capital constraints and understanding with suppliers and the recent industry-wide softness in the do-it-yourself market.The decrease in sales did not allow the Company to sufficiently leverage its corporate overhead. This caused both significantly higher costs of goods sold and operating expenses compared to revenues. Aid Auto Stores,Inc. - ---------------------------------------------- (Name of Registrant as specified in charter) Has caused this notification to be signed on its behalf by the undersigned thereunto duly authorized. Date: August 14, 1998 By: /s/ Frank Mangano ---------------------------------------- Frank Mangano, 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 by 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). -----END PRIVACY-ENHANCED MESSAGE-----