0001101680-18-000006.txt : 20180330 0001101680-18-000006.hdr.sgml : 20180330 20180330153707 ACCESSION NUMBER: 0001101680-18-000006 CONFORMED SUBMISSION TYPE: NT 10-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20171231 FILED AS OF DATE: 20180330 DATE AS OF CHANGE: 20180330 EFFECTIVENESS DATE: 20180330 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DASAN ZHONE SOLUTIONS INC CENTRAL INDEX KEY: 0001101680 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE & TELEGRAPH APPARATUS [3661] IRS NUMBER: 223509099 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: NT 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-32743 FILM NUMBER: 18726048 BUSINESS ADDRESS: STREET 1: 7195 OAKPORT STREET CITY: OAKLAND STATE: CA ZIP: 94621 BUSINESS PHONE: 5107777000 MAIL ADDRESS: STREET 1: 7195 OAKPORT STREET CITY: OAKLAND STATE: CA ZIP: 94621 FORMER COMPANY: FORMER CONFORMED NAME: ZHONE TECHNOLOGIES INC DATE OF NAME CHANGE: 20031114 FORMER COMPANY: FORMER CONFORMED NAME: TELLIUM INC DATE OF NAME CHANGE: 20000911 NT 10-K 1 dzsiform12-bx25december312.htm NT 10-K Document


 
 
 
 
 
 
 
 
 
 UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
 
 
 
 
 
 
 
 
 
 
FORM 12b-25
 SEC FILE NUMBER
 
000-32743
 
 
 
 
 
 
 
 CUSIP NUMBER
 
 NOTIFICATION OF LATE FILING
 23305L107
 
 
 
 
(Check one):
þ
Form 10-K
o
Form 20-F
o
Form 11-K
o
Form 10-Q
o
Form 10-D
o
Form N-SAR
 
                                   
o
Form N-CSR
     
                             
     
                             
     
                             
     
                             
     
                             
     
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 For the Period Ended: December 31, 2017
 
 
 
 
 
 
 
 
 
 
 
 o
Transition Report on Form 10-K
 
 
 
 
 
 
 o
Transition Report on Form 20-F
 
 
 
 
 
 
 o
Transition Report on Form 11-K
 
 
 
 
 
 
 o
Transition Report on Form 10-Q
 
 
 
 
 
 
 o
Transition Report on Form 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
 
 
DASAN Zhone Solutions, Inc.
 
Full Name of Registrant
 
Zhone Technologies, Inc.
 
Former Name if Applicable
 
7195 Oakport Street
 
Address of Principal Executive Office (Street and Number)
 
Oakland, California 94621
 
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 reason described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense
 
 
 
þ
(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 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.
 
(Attach extra Sheets if Needed)
 
DASAN Zhone Solutions, Inc. (the “Company”) has determined that it is unable to file its Annual Report on Form 10-K for the year ended December 31, 2017 (“Annual Report”) by the prescribed due date without unreasonable effort or expense. The reason for the delay is to allow the Company additional time to evaluate its ability to continue as a going concern as part of the completion of its financial statements and related disclosures. The Company intends to file the Annual Report as soon as practicable, and expects to do so within the additional time prescribed in Rule Form 12b-25 promulgated under the Securities Exchange Act of 1934.











PART IV — OTHER INFORMATION

(1)
 
Name and telephone number of person to contact in regard to this notification
 
 
Michael Golomb
 
(510)
 
777-7000
 
 
(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).
Yes 
 
þ
 
No 
 
o
(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 
 
þ
 
No 
 
o
 
 
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.
 
 
In connection with our earnings release on February 28, 2018, the Company reported net revenue of $247.1 million in 2017 compared to net revenue of $150.3 million in 2016, and net income of $1.1 million in 2017 compared to a net loss of $15.3 million in 2016.

No material changes to the Company’s reported results are expected from those reported in our earnings release. However, due to the material increase in the velocity of the turn-around of its business compared to 2016, the Company needs additional time in order to complete its assessment of its cash flows and liquidity for the coming year.
 
DASAN Zhone 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:  March 30, 2018
 
 
By:
/s/ Michael Golomb
 
 
 
 
Name: Michael Golomb
 
 
 
 
Title: Chief Financial Officer