Kellstrom Industries Inc – ‘NTN 10Q’ for 6/30/01 – ‘NT 10-Q’

On:  Wednesday, 8/15/01, at 11:03am ET   ·   For:  6/30/01   ·   Accession #:  950144-1-506045   ·   File #:  0-23764

in

this entire Filing. an “Entity” Search.

Show

Documents searched

and

each “hit”. the 1st “hit”.

↓↑Hints

Notice of a Late Filing of a Form 10-Q (Late Notice)   —   Rule 12b-25
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: NT 10-Q     Kellstrom Industries Form NT 10-Q 06/30/01             4     12K 

NT 10-Q
1st Page of 4
TOC
↑Top
Previous
Next
↓Bottom
Just 1st
 
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

 FORM 12b-25

 NOTIFICATION OF LATE FILING

                                                  Commission File Number 0-23764

(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 June 30, 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       Kellstrom Industries, Inc.                  
                        --------------------------------------------------

Former name if applicable   Not Applicable                                
                          ------------------------------------------------

  Address of principal executive office (STREET AND NUMBER) 3701 Flamingo Road
                                                            ------------------

City, State and Zip Code       Miramar, FL 33027                    
                               -------------------------------------------------

NT 10-Q
2nd Page of 4
TOC
1st
Previous
Next
↓Bottom
Just 2nd
 PART II
RULE 12b-25(c) 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 appropriate box.)                         

  [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                                                        

[ ] (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, 10-KSB, 11-K,
20-F, 10-Q, 10-QSB, N-SAR or the transition report portion thereof could not be 
filed within the prescribed time period. (Attach extra sheets if needed.)       

     The Registrant's Quarterly Report on Form 10-Q for the quarter ended June
30, 2001 could not be filed within the prescribed time period because certain   
information and data relating to and necessary for the completion of the        
Registrant's financial statements and management's discussion and analysis of   
financial condition and results of operations could not be obtained by the      
Registrant within such time period without unreasonable effort or expense.      

 PART IV
 OTHER INFORMATION

(1) Name and telephone number of person to contact in regard to this
notification.                                                                   

Oscar Torres                 (954) 538-2000     
------------------------------------------------------------------------------- 
       (Name)               (Area Code) (Telephone Number)

     (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 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 reason why a reasonable      
estimate of the results cannot be made.                                         

    Certain changes have occurred as disclosed on Exhibit A attached hereto.

2 

NT 10-Q
3rd Page of 4
TOC
1st
Previous
Next
↓Bottom
Just 3rd

Kellstrom Industries, Inc.
--------------------------------------------------------------------------------
(Name of Registrant as Specified in Charter)

      Has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.                                                      

Date: August 15, 2001                  By: /s/ Oscar Torres         
                                                 -------------------------------
                                      Oscar Torres
                                                 Chief Financial Officer

3 

NT 10-Q
Last Page of 4
TOC
1st
Previous
Next
↓Bottom
Just 4th

 Exhibit A

  Kellstrom's revenues for the second quarter increased by 9.2% to $89.8
million as compared to $82.2 million in last year's second quarter due to an    
increase in aircraft and aircraft engine part sales resulting primarily from the
December 1, 2000 acquisition of the aircraft and engine parts resale business of
Aviation Sales Company (the "Acquisition"). Kellstrom continued to face an      
industry-wide downturn combined with surplus inventory availability which       
exerted downward pressure on selling prices. As a result, Kellstrom incurred an 
operating loss of $3.9 million during the second quarter of 2001, excluding a   
$5.3 million non-cash charge in connection with the write-down of certain       
inventories, as compared to an operating profit of $8.7 million during the      
second quarter of 2000. The net loss for the second quarter of 2001 was $40.5   
million or $3.40 per diluted share, as compared to net income of $1.4 million or
$0.12 per diluted share during the second quarter of 2000. The loss incurred    
during the second quarter of 2001 also included a $30.6 million non-cash tax    
charge due to the establishment of a valuation allowance on the majority of     
Kellstrom's deferred tax assets. Gross margin during the second quarter of 2001,
excluding the impact of the inventory write-down, declined to 18.0%.            

Dates Referenced Herein   and   Documents Incorporated by Reference

				Referenced-On Page
This ‘NTN 10Q’ Filing		Date		First		Last			Other Filings
Filed on:		8/15/01		3
For Period End:		6/30/01		1		2			10-Q
		12/1/00		4					3,  8-K
									List all Filings