NT 10-Q: Notice under Rule 12b25 of inability to timely file all or part of a form 10-Q or 10-QSB
Published on
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12B-25
NOTIFICATION OF LATE FILING
Commission File No. 1-9447
(Check One)
[ ] Form 10-K and Form 10-KSB [ ] Form 20-F [ ]
Form 11-K [X] Form 10-Q and Form 10-QSB [ ] Form N-SAR
For Period Ended: March 31, 2002
[ ] 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: N/A
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: N/A
PART I
REGISTRANT INFORMATION
Full Name of Registrant: Kaiser Aluminum Corporation
Former name if applicable: N/A
Address of Principal
Executive Office (Street and Number): 5847 San Felipe, Suite 2600
City, state and zip code Houston, Texas 77057
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)
(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, 10-KSB, 20-F, 11-K or Form N-SAR, or portion thereof,
will be filed on or before the fifteenth calendar day following the
/X/ 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
(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 Form 10-K, 10-KSB, 11-K,
20-F, 10-Q, 10-QSB, N-SAR or the transition report or portion thereof could not
be filed within the prescribed time period.
The Company respectfully requests an extension of time for the filing
of its Form 10-Q for the quarterly period ended March 31, 2002, from
May 15, 2002 to May 20, 2002. This request is primarily made as a
result of the Company's recent change of its principal independent
accountant, as reported on a Current Report on Form 8-K, dated April
30, 2002. This extension is requested in order to allow additional
time for the Company's new principal independent accountant to
complete its review of the Company's interim financial statements
prior to the Company's filing of its Form 10-Q as required by Rule
10-01(d) of Regulation S-X.
The Company is also evaluating the potential financial statement
impacts of an unfavorable ruling it received on May 14, 2002 in
respect of certain unfair labor practice claims. This item is more
fully discussed in a Current Report on Form 8-K also filed on May
15, 2002.
PART IV
OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification.
Daniel D. Maddox (713) 267-3891
(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 the
answer is no, identify report(s). [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
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.
Excluding non-recurring items from both comparable periods, the
Company's operating loss in the first quarter of 2002 will be smaller
than that of the fourth quarter of 2001. Much of this improvement
will be attributable to better results in the Bauxite and Alumina
segment, where the Gramercy facility has effected a substantial
reduction in its start-up costs and the Company's 49% owned
affiliate, Kaiser Jamaica Bauxite Company, has improved its operating
performance. The favorable impacts of these improvements in operating
performance are expected to be partially offset by a significant
increase in Corporate segment expenses as a result of higher pension,
postretirement medical and other benefit expenses.
KAISER ALUMINUM CORPORATION
(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.
DATE: May 15, 2002 By: /S/ DANIEL D. MADDOX
Daniel D. Maddox
Vice President and Controller