NT 10-K 1 nt10k-2010.htm FORM 12B-25 NOTICE OF LATE FILING nt10k-2010.htm


 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
 
FORM 12b-25
SEC File Number:   0-17893 
CUSIP Number:   879698306
 
NOTIFICATION OF LATE FILING


(Check one):
S  Form 10-K    
£ Form 20-F
£  Form 11-K
£  Form 10-Q
£  Form 10-D
£  Form N-SAR
£  Form N-CSR 
         

 
For Period ended:       December 31, 2010           
 
£
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:  _____________________________________

Read instructions (on back page) 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 Items(s) to which the notification relates:

 
PART I – REGISTRANT INFORMATION
 
Teltronics, Inc.
Full Name of Registrant
 
Former Name if Applicable
 
2511 Corporate Way
Address of principal Executive Office (Street and Number)
 
Palmetto, Florida 34221
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
S
(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.

The Company is unable to file Form 10-K for the year ended December 31, 2010 within the prescribed time period because not all of the documents and information necessary to file have been assembled and completed.  The Company anticipates filing its Annual Report on Form 10-K on or before the fifteenth calendar day following the prescribed due date.


 
PART IV – OTHER INFORMATION
 
(1)
Name and telephone number of person to contact in regard to this notification
       
 
Ewen R. Cameron
941
751-7710
 
(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 an answer if no, identify report(s).
S  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?
S  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.
 
 
Net sales for 2010 are expected to be $26.2 million compared to $43 million for 2009.  Gross profit for 2010 is expected to be $9 million compared to $18 million for 2009.  Net loss for 2010 is expected to be $5 million as compared to net income of $5.4 million in 2009.
 


 
TELTRONICS, 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 31, 2011                                           
By:  /s/ Angela L. Marvin         
         Angela L. Marvin, VP Finance & CFO