-----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, M+8AGAqy2laj1vet/w/hi/OPsv7AOY0/RkatpTRgEGADsChmlMXIy7CnQZTFMipZ +pA++GoLFDbA+mW7kWZ9jg== 0000009263-99-000004.txt : 19990402 0000009263-99-000004.hdr.sgml : 19990402 ACCESSION NUMBER: 0000009263-99-000004 CONFORMED SUBMISSION TYPE: NT 10-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19981231 FILED AS OF DATE: 19990331 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BAKER MICHAEL CORP CENTRAL INDEX KEY: 0000009263 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MANAGEMENT SERVICES [8741] IRS NUMBER: 250927646 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: NT 10-K SEC ACT: SEC FILE NUMBER: 001-06627 FILM NUMBER: 99580160 BUSINESS ADDRESS: STREET 1: 420 ROUSE ROAD STREET 2: AIRPORT OFFICE PARK BLDG 3 CITY: CORAOPOLIS STATE: PA ZIP: 15108 BUSINESS PHONE: 4122696300 MAIL ADDRESS: STREET 1: P O BOX 12259 CITY: PITTSBURGH STATE: PA ZIP: 15231-0259 FORMER COMPANY: FORMER CONFORMED NAME: EUTHENICS SYSTEMS CORP DATE OF NAME CHANGE: 19750527 FORMER COMPANY: FORMER CONFORMED NAME: BAKER MICHAEL JR INC DATE OF NAME CHANGE: 19720526 NT 10-K 1 NOTIFICATION OF LATE FILING OF FORM 10-K U.S. SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 12b-25 NOTIFICATION OF LATE FILING OF FORM 10-K FOR THE YEAR ENDED DECEMBER 31, 1998 - -------------------------------------------------------------------------------- Part I - REGISTRANT INFORMATION - -------------------------------------------------------------------------------- Michael Baker Corporation Airport Office Park, Building 3 420 Rouser Road Coraopolis, PA 15108 - -------------------------------------------------------------------------------- PART II - RULES 12b-25(b) AND (c) - -------------------------------------------------------------------------------- The reasons described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense. The Registrant is hopeful that it will be able to file the subject Annual Report on Form 10-K on or before April 15, 1999. - -------------------------------------------------------------------------------- Part III - NARRATIVE - -------------------------------------------------------------------------------- On March 5, 1999, a subsidiary of the registrant, Baker Mellon Stuart Construction, Inc. (BMSCI), was terminated from its largest active construction project, which was over 90% completed. The project was being performed for Universal City Development Partners (UCDP), and included the construction of the new CityWalk entrance to Universal Studios' theme park in Orlando, FL. Both parties have filed lawsuits in this matter. Management currently expects that the terminated contract and the financial losses therefrom will have a material adverse effect on the Registrant's results of operations for the year ended December 31, 1998, but is not yet able to compute the financial impact. Management of both BMSCI and the Registrant are working diligently with counsel to quantify such impact. Upon quantification of the charge, the Registrant will be required to obtain waivers from its lender under the terms of its revolving credit facility, due to the financial covenant violations that are expected to result, and to finalize the 1998 financial statements and the audit thereof being performed by PricewaterhouseCoopers LLP. Management is hopeful that the Registrant will be able to complete and file its Annual Report on Form 10-K on or before April 15, 1999. - -------------------------------------------------------------------------------- Part IV - OTHER INFORMATION - -------------------------------------------------------------------------------- (1) Name and telephone number of person to contact in regard to this notification: J. Robert White Michael Baker Corporation Executive Vice President and Chief Financial Officer (412) 269-6453 (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? [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 See related Narrative under Part III above. - -------------------------------------------------------------------------------- SIGNATURE - -------------------------------------------------------------------------------- Michael Baker Corporation has caused this notification to be signed on its behalf by the undersigned thereunto duly authorized. Dated: March 31, 1999 By /s/ J. Robert White ------------------------------- J. Robert White Michael Baker Corporation Executive Vice President and Chief Financial Officer -----END PRIVACY-ENHANCED MESSAGE-----