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As Of Filer Filing For·On·As Docs:Size Issuer Agent 12/18/02 Restoration Hardware Inc NT 10-Q 11/02/02 1:14K Bowne - San Francisco/FA |
Document/Exhibit Description Pages Size 1: NT 10-Q Form 12B-25 HTML 17K
| nt10vq |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
(Check One):
o
Form 10-K o
Form 20-F o
Form 11-K x Form 10-Q
o Form N-SAR
For Period Ended: November 2, 2002
[ ] 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 Instruction (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 Item(s) to which the notification relates:
PART I — REGISTRANT INFORMATION
Restoration Hardware, Inc.
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; | ||
| [X] | (b) The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F,11-K or Form N-SAR, 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 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 Forms 10-K, 20-F, 11-K, 10-Q, N-SAR, or the transition report portion thereof, could not be filed within the prescribed time period.
Restoration Hardware, Inc. (the “Company”) was unable to file on schedule its Quarterly Report on Form 10-Q for the quarterly period ended November 2, 2002 (the “Form 10-Q”) due to the Company’s identification of accounting errors concerning its accounts payable and inventory balances as of the end of last fiscal year. Due to the identified accounting errors, the Company currently believes that: (i) its accounts payable liabilities for the fiscal year ended February 2, 2002, originally reported as $34.9 million, have been overstated by up to three percent (3%); and (ii) its merchandise inventories for the fiscal year ended February 2, 2002, originally reported as $62.1 million, have been understated by up to one percent (1%). The result of correcting these errors, the Company now believes, would reduce the net loss available to common stockholders for the fiscal year ended February 2, 2002 from the originally reported amount of $36.7 million, or $1.57 per share, by approximately $0.5 million to $1.2 million, or approximately $0.02 to $0.05 per share.
The Company previously announced a loss available to common stockholders of $2.4 million, or $0.08 per share, for the thirteen weeks ended November 2, 2002 as compared to a loss available for common stockholders of $8.7 million, or $0.36 per share, for the thirteen weeks ended November 3, 2001. Correcting for the identified accounting errors described above, the Company now believes, would reduce the loss available to common stockholders for the thirteen weeks ended November 2, 2002 by approximately $0.0 million to $0.3 million (approximately $0.00 to $0.01 per share), and the loss available to common stockholders for the thirteen weeks ended November 3, 2001 by approximately $0.0 million to $0.2 million (approximately $0.00 to $0.01 per share).
The
Company is now in the process of confirming the amounts of such identified accounting errors and applying
appropriate accounting treatment to such amounts and confirming the results of this work with its independent auditors.
As a result of the
above, the Company is unable to file the Form 10-Q within the
prescribed time period. The Company currently plans to file the
Form 10-Q on or before the 5th calendar day following the
prescribed due date of the Form 10-Q.
PART IV— OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this notification
| Kevin W. Shahan | (415) | 924-1005 | ||||
| (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 [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 [ ]
Please see Part III above.
Restoration Hardware, Inc.
| Date
December 18, 2002
|
By /s/ Kevin W. Shahan
Name: Kevin W. Shahan Title: Vice President and Chief Financial Officer |
| INSTRUCTION: The form may be signed by an executive officer of the registrant or by any other duly authorized representative. The name and title of the person signing the form shall be typed or printed beneath the signature. If the statement is signed on behalf of the registrant by an authorized representative (other than an executive officer), evidence of the representative’s authority to sign on behalf of the registrant shall be filed with the form. |
ATTENTION
| This ‘NT 10-Q’ Filing | Date | Other Filings | ||
|---|---|---|---|---|
 | ||||
| Filed on / Effective on: | 12/18/02 | 8-K | ||
| For Period End: | 11/2/02 | 10-Q | ||
| 2/2/02 | 10-K, 10-K/A, 5 | |||
| 11/3/01 | 10-Q, 10-Q/A | |||
| List all Filings | ||||