SEC Info - Iridium LLC, et al. - ‘NT 10-Q’ for 6/30/99

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Iridium LLC, et al. – ‘NT 10-Q’ for 6/30/99

On: Tuesday, 8/17/99 · For: 6/30/99 · Accession #: 950133-99-2849 · File #s: 0-22637, -01, -02, 333-31741-01, -02, -03, 333-44349-04

  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

 8/17/99  Iridium LLC                       NT 10-Q     6/30/99    1:16K                                    Bowne - DC/FA
          Iridium World Communications Ltd
          Iridium Ip LLC
          Iridium Roaming LLC
          Iridium Capital Corp
          Iridium Operating LLC
          Iridium Facilities Corp

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

Document/Exhibit                   Description                      Pages   Size 

 1: NT 10-Q     Notification of Late Filing for Iridium                7     28K 

NT 10-Q 1st Page of 7 TOC ↑Top Previous Next ↓Bottom Just 1st
 

SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549

 FORM 12b-25

                                                  Commission File Number 0-22637
                                                                         -------
                                                                      0-22637-01
                                                                      ----------
                                                                      0-22637-02
                                                                      ----------
                                                                    333-31741-01
                                                                    ------------
                                                                    333-31741-02
                                                                    ------------
                                                                    333-31741-03
                                                                    ------------
                                                                    333-44349-04
                                                                    ------------

 NOTIFICATION OF LATE FILING

(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, 1999                                                
                ----------------------------------------------------------------

[ ] Transition Report on Form 10-K and Form 10KSB                               
[ ] Transition Report on Form 20-F                                              
[ ] Transition Report on Form 11-K                                              
[ ] Transition Report on Form 10-Q and Form 10QSB                               
[ ] 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   Iridium World Communications Ltd. (File No. 0-22637)  
                          ------------------------------------------------------
     Iridium LLC (File No. 0-22637-01)
                          ------------------------------------------------------
               Iridium Operating LLC (File No. 0-22637-02)
                          ------------------------------------------------------
          Iridium IP LLC (File No. 333-31741-01)
                          ------------------------------------------------------
               Iridium Roaming LLC (File No. 333-31741-02)
                          ------------------------------------------------------
                       Iridium Capital Corporation (File No. 333-31741-03)
                          ------------------------------------------------------
                          Iridium Facilities Corporation (File No. 333-44349-04)
                          ------------------------------------------------------

NT 10-Q 2nd Page of 7 TOC 1st Previous Next ↓Bottom Just 2nd

Former name if applicable                                     
                                   ---------------------------------------------
--------------------------------------------------------------------------------

Address of principal executive office (including street and number, city, state 
and zip code)                                                                   
             -------------------------------------------------------------------
Iridium World Communications Ltd.                             
--------------------------------------------------------------------------------
Clarendon House, 2 Church Street,                             
--------------------------------------------------------------------------------
Hamilton HM 11, Bermuda                                       
--------------------------------------------------------------------------------

Iridium LLC                                                   
--------------------------------------------------------------------------------
Iridium Operating LLC                                         
--------------------------------------------------------------------------------
Iridium IP LLC                                                
--------------------------------------------------------------------------------
Iridium Roaming LLC                                           
--------------------------------------------------------------------------------
Iridium Capital Corporation                                   
--------------------------------------------------------------------------------
Iridium Facilities Corporation                                
--------------------------------------------------------------------------------
1575 Eye Street, N.W.                                         
--------------------------------------------------------------------------------
Washington, D.C. 20005                                        
--------------------------------------------------------------------------------

 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.)                      

[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                          

[x] (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 portion thereof could not be
filed within the prescribed time period. (Attach extra sheets if needed.)       

(See Attached Summary)

-2-   

NT 10-Q 3rd Page of 7 TOC 1st Previous Next ↓Bottom Just 3rd

 PART IV
 OTHER INFORMATION

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

                                                        [Enlarge/Download Table]
                                                                                         
              F. Thomas Tuttle                         202-326-5684                      
-----------------------------------------------------------------------------------------
                   (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.                                         

(See Attached Summary)

 Iridium World Communications Ltd.
--------------------------------------------------------------------------------
(Name of Registrant as Specified in Charter)

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

                                                                [Download Table]
                                                                                
Date  August 16, 1999                       By   /s/ F. THOMAS TUTTLE           
     ---------------------------------      ------------------------------------
                                            Name:  F. Thomas Tuttle             
                                            Title:    Secretary                 

 Iridium LLC
--------------------------------------------------------------------------------
(Name of Registrant as Specified in Charter)

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

                                                                [Download Table]
                                                                                
Date  August 16, 1999                       By   /s/ F. THOMAS TUTTLE           
    ----------------------------------        ----------------------------------
                                            Name:  F. Thomas Tuttle             
                                            Title:    Secretary                 

-3-   

NT 10-Q 4th Page of 7 TOC 1st Previous Next ↓Bottom Just 4th

 Iridium Operating LLC
--------------------------------------------------------------------------------
(Name of Registrant as Specified in Charter)

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

                                                                [Download Table]
                                                                                
Date  August 16, 1999                       By   /s/ F. THOMAS TUTTLE           
--------------------------------------      ------------------------------------
                                            Name:  F. Thomas Tuttle             
                                            Title:    Secretary                 

Iridium IP LLC

--------------------------------------------------------------------------------
(Name of Registrant as Specified in Charter)

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

                                                                [Download Table]
                                                                                
Date  August 16, 1999                       By   /s/ F. THOMAS TUTTLE           
     ---------------------------------         ---------------------------------
                                            Name:  F. Thomas Tuttle             
                                            Title:    Secretary                 

 Iridium Roaming LLC
--------------------------------------------------------------------------------
(Name of Registrant as Specified in Charter)

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

                                                                [Download Table]
                                                                                
Date  August 16, 1999                       By   /s/ F. THOMAS TUTTLE           
     ---------------------------------         ---------------------------------
                                            Name:  F. Thomas Tuttle             
                                            Title:    Secretary                 

 Iridium Capital Corporation
--------------------------------------------------------------------------------
(Name of Registrant as Specified in Charter)

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

                                                                [Download Table]
                                                                                
Date  August 16, 1999                       By   /s/ F. THOMAS TUTTLE           
     ---------------------------------         ---------------------------------
                                            Name:  F. Thomas Tuttle             
                                            Title:    Secretary                 

Iridium Facilities Corporation
--------------------------------------------------------------------------------
(Name of Registrant as Specified in Charter)

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

                                                                [Download Table]
                                                                                
Date  August 16, 1999                       By   /s/ F. THOMAS TUTTLE           
     ---------------------------------         ---------------------------------
                                            Name:  F. Thomas Tuttle             
                                            Title:    Secretary                 

-4-   

NT 10-Q 5th Page of 7 TOC 1st Previous Next ↓Bottom Just 5th

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

    Intentional misstatements or omissions of fact constitute Federal criminal
violations (see 18 U.S.C. 1001).                                                

-5-   

NT 10-Q 6th Page of 7 TOC 1st Previous Next ↓Bottom Just 6th

FORM 12b-25 ATTACHMENT

 PART III -- NARRATIVE SUMMARY

Iridium World Communications Ltd., Iridium LLC, Iridium Operating LLC,
Iridium Capital Corporation, Iridium IP LLC, Iridium Roaming LLC and Iridium    
Facilities Corporation (collectively, the "Registrants") were unable to file    
the Registrants' joint Quarterly Report on Form 10-Q for the three months ended 
June 30, 1999 (the "Quarterly Report") within the prescribed time period for    
two reasons. First, the Registrants could not complete the Registrants'         
quarterly financial statements required to be contained therein without         
unreasonable effort or expense because they have been unable to complete the    
process for valuing long lived assets, specifically the IRIDIUM System. Second, 
the Registrants filed a voluntary petition for reorganization under Chapter 11  
of the Federal Bankruptcy Code on August 13, 1999. Accordingly, the Registrants 
are unable to provide the information required by many of the items of Form     
10-Q with necessary clarity without unreasonable effort or expense.             

-6-   

NT 10-Q Last Page of 7 TOC 1st Previous Next ↓Bottom Just 7th

FORM 12b-25 ATTACHMENT

 PART IV -- OTHER INFORMATION -- Significant Change in Operating Results

  The Registrants' financial statements for the three and six months ended
June 30, 1999 have not been finalized. The Registrants anticipate that they     
will report a significant net loss for the three and six months ended June 30,  
1999 as a result of a FAS 121 charge on long lived assets, specifically the     
IRIDIUM System, and that the reported net loss will be significantly more than  
the $60.4 million, $507.1 million and $505.3 million net losses reported for    
Iridium World Communications Ltd., Iridium LLC and Iridium Operating LLC,       
respectively, for the three months ended March 31, 1999 (the previous period).  
The Registrants have been unable to complete the process for valuing long lived 
assets and, accordingly, a reasonable estimate of results cannot be made at     
this time.                                                                      

-7-

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Dates Referenced Herein and Documents Incorporated by Reference

		Referenced-On Page
This ‘NT 10-Q’ Filing	Date	First	Last	Other Filings

Filed on:	8/17/99			8-K
	8/16/99	3	4
	8/13/99	6		8-K
For Period End:	6/30/99	1	7
	3/31/99	7		10-K405, 10-Q
				List all Filings

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Filing Submission 0000950133-99-002849 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

Iridium LLC, et al. – ‘NT 10-Q’ for 6/30/99

On: Tuesday, 8/17/99 · For: 6/30/99 · Accession #: 950133-99-2849 · File #s: 0-22637, -01, -02, 333-31741-01, -02, -03, 333-44349-04

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

Dates Referenced Herein and Documents Incorporated by Reference

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