UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
12b-25
NOTIFICATION
OF LATE FILING
(Check
One): [ ] Form 10-K [ ]Form 20-F [ ]Form 11-K [X] Form 10-Q [ ]Form N-SAR
For
Period Ended: 03/31/05
[ ]
Transition Report on Form 10-K
[ ]
Transition Report on Form 20-F
[ ]
Transition Report on Form 11-K
[X]
Transition Report on Form 10-Q
[ ]
Transition Report on Form N-SAR
For the
Transition Period Ended: 03/31/05
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Read
Instruction (on back page) Before Preparing Form. Please Print or
Type.
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Nothing
in this form shall be construed to imply that the Commission has verified
any information contained herein.
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If
the notification relates to a portion of the filing checked above, identify the
Item(s) to which the notification relates:
n/a
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PART
I -- REGISTRANT INFORMATION |
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IKON
Office Solutions, Inc.
Full
Name of Registrant |
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n/a
Former
Name if Applicable |
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70
Valley Stream Parkway
Address
of Principal Executive Office (Street
and Number) |
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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)
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(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, 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.
IKON
Office Solutions, Inc. (the "Company") was unable to file its Quarterly Report
on Form 10-Q for the quarterly period ended March 31, 2005 (the "Form 10-Q") by
May 10, 2005. The Company is unable to meet the Form 10-Q deadline because the
Company requires additional time to complete its review (the “Review”)
of
billing controls and reserve practices for trade accounts receivable described
in its April 21, 2005 press release and in its report on Form 8-K filed with the
Securities and Exchange Commission (“SEC”) on April 28, 2005. The Company
expects to file the Form 10-Q as soon as practicable following the completion of
the Review.
PART
IV-- OTHER INFORMATION
(1)
Name and telephone number of person to contact in regard to this notification
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Robert
F. Woods
(Name) |
(610)
(Area
Code) |
408-2080
(Telephone
Number) |
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(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). [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?
[ ] Yes
[ ] No
As
indicated in the Company’s Form 8-K filed with the SEC on April 28, 2005, based
solely on the preliminary data available, the Audit Committee of the Board of
Directors of the Company concluded that the Company will be required to restate
one or more of the previously-issued financial statements included in the
Company’s Form 10-K for fiscal 2004 and Form 10-Q for the first quarter of
fiscal 2005.
As a result of the Review described in Part III above, the Company is currently
unable to determine whether there will be significant change in its results of
operations from the second quarter of fiscal year 2004.
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.
IKON
Office Solutions, Inc.
(Name
of Registrant as Specified in Charter)
has
caused this notification to be signed on its behalf by the undersigned hereunto
duly authorized.
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By
/S/
ROBERT F. WOODS |
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Robert
F. Woods |
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Senior
Vice President and |
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Chief
Financial Officer |
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