NT 10-Q 1 nt10q.txt SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 12b-25 NOTIFICATION OF LATE FILING Commission File Number 0-11353 (Check one): [ ] Form 10-K and Form 10-KSB [ ] Form 11-K [ ] Form 20-F [X] Form 10-Q and Form 10-QSB [ ] Form N-SAR For period ended: March 31, 2001 [ ] Transition Report on Form 10-K and Form 10-KSB [ ] Transition Report on Form 20-F [ ] Transition Report on Form 11-K [ ] Transition Report on Form 10-Q and Form 10-QSB [ ] Transition Report on Form N-SAR For the transition period ended: 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: PART I REGISTRANT INFORMATION Full name of registrant Circuit Research Labs, Inc. Former name if applicable Address of principle executive office (Street and number) 2522 W. Geneva Drive Tempe, Arizona 85282 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 box if appropriate.) X (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, 10-KSB, 20-F, 11-K or Form N-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, 10-QSB, or portion thereof will be filed on or before the fifth calendar day following the prescribed due date; and X (c) The accountant's statement or other exhibit required by Rule 12b-25(c) has been attached if applicable. PART III NARRATIVE The Company completed an acquisition during the fiscal year ended December 31, 2000. The Company acquired a business located in California. The Company's headquarters, and its continuing business is located in Arizona. The Company is integrating and consolidating its California and Arizona operations, including its financial accounting systems. That process is taking longer than anticipated. As a result, the review of the financial statements is delayed. PART IV OTHER INFORMATION (1) Name and telephone number of person to contact in regard to this notification. (Name) (Area Code) (Telephone Number) Gary D. Clarkson 602 438-0888 (2) Have all other periodic reports required under Section 13 or 15(d) or 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 reports. Yes X 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. (Name of Registrant as Specified in Charter) Circuit Research Labs, Inc. Has caused this notification to be signed on its behalf by the undersigned thereunto duly authorized. Date: May 14, 2001 By: /s/ Gary D. Clarkson Secretary 1 Annex 1 On May 31, 2000, CRL Systems Inc., a wholly-owned subsidiary of the Company acquired the net assets of Orban, Inc., a wholly-owned subsidiary of Harman International Industries, Inc. (the "Orban Business"). In 1999, on a pro-forma basis, the total revenues of the Orban Business were more than 10 times greater than the Company's actual revenues for 1999 (see Form 8-K/A filed on November 20, 2000). At this time, the Company can not predict the results of operations on a consolidated basis for the period ended March 31, 2001. 2