0000891092-01-500700.txt : 20011009
0000891092-01-500700.hdr.sgml : 20011009
ACCESSION NUMBER: 0000891092-01-500700
CONFORMED SUBMISSION TYPE: NT 10-K
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20010630
FILED AS OF DATE: 20010928
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: PHILIPP BROTHERS CHEMICALS INC
CENTRAL INDEX KEY: 0001069899
STANDARD INDUSTRIAL CLASSIFICATION: INDUSTRIAL INORGANIC CHEMICALS [2810]
IRS NUMBER: 131840497
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: NT 10-K
SEC ACT: 1934 Act
SEC FILE NUMBER: 333-64641
FILM NUMBER: 1747728
BUSINESS ADDRESS:
STREET 1: ONE PARKER PLZ
CITY: FORT LEE
STATE: NJ
ZIP: 07024
BUSINESS PHONE: 2019446020
MAIL ADDRESS:
STREET 1: ONE PARKET PLZ
CITY: FORT LEE
STATE: NJ
ZIP: 07024
NT 10-K
1
file001.txt
FORM 12B-25
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
(Check One): [X] Form 10-K [ ] Form 20-F [ ] Form 11-K [ ] Form 10-Q
[ ] Form N-SAR
For Period Ended: June 30, 2001
----------------
[ ] 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: ____________________
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
Philipp Brothers Chemicals, Inc.
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Full Name of Registrant
N/A
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Former Name if Applicable
One Parker Plaza
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Address of Principal Executive Office (Street and Number)
Fort Lee, New Jersey 07024
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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, 11-K or Form N-SAR, or portion thereof, will
[x] 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 Forms 10-K, 20-F, 11-K, 10-Q,
N-SAR, or the transition report or portion thereof, could not be filed within
the prescribed time period.
As a result of the destruction of the World Trade Center in New York City on
September 11, 2001, the Registrant was unable to obtain certain information from
its actuarial firm necessary to complete its Annual Report on
Form 10-K ("Annual Report") for the year ended June 30, 2001. Registrant's
actuary maintained regional offices in the World Trade Center. Accordingly,
Registrant is unable to complete its Annual Report prior to the scheduled filing
date.
The Registrant confirms its intention to file its Annual Report promptly, and in
no event later than the fifteenth calendar day after the original due date.
PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
David C. Storbeck (201) 944-6020
----------------- --------- ----------------
(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
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(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.
Registrant's income before taxes declined from $14.0 million in fiscal
2000 to a loss before taxes of $16.9 million in fiscal 2001 due primarily
to: (i) a nonrecurring gain from sale of assets of $13.7 million in fiscal
2000, and (ii) decreased operating performance in several of Registrant's
business segments, which is a trend that Registrant has disclosed in
previously filed Reports on Form 10-Q. Registrant will disclose these
matters in more detail in Item 7 of Registrant's Annual Report on Form
10-K for the fiscal year ended June 30, 2001 under the caption
"Management's Discussion and Analysis of Financial Condition and Results
of Operations."
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Philipp Brothers Chemicals, 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: September 28, 2001 By: /s/ David C. Storbeck
----------------------------
David C. Storbeck
Vice President, Finance
Chief Financial Officer
September 28, 2001
Mr. David C. Storbeck
Philipp Brothers Chemicals, Inc.
One Parker Plaza
Fort Lee, NJ 07024
Dear Mr. Storbeck:
You have furnished us with a copy of your "Notification of Late Filing" on Form
12b-25 dated September 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 Philipp Brothers Chemicals, Inc. (the "Company") on or before the date the
Form 10-K of the Company for the year ended June 30, 2001 is required to be
filed.
Very truly yours,
PricewaterhouseCoopers