MKR Holdings, Inc. (the “Company”) was unable to complete its filing of the Company’s Annual Report on Form 10-K for the year ended March 31, 2000 (the “10-K”) on time. Pursuant to the Company’s joint Chapter 11 plan of reorganization, which was confirmed on October 27, 2000 by order of the United States Bankruptcy Court for the District of Delaware in the Southern District of New York, the Company transferred all of its assets (including the equity securities of its subsidiaries) to Marker International GmbH, a GmbH organized under the laws of Switzerland (“Marker International”), in return for a 15% interest in Marker International. As an owner of 15% of Marker International, the Company must report a proportionate share of Marker International’s financial information in its 10-K. The Company’s management has met with considerable delay in obtaining and compiling the necessary information of Marker International, which delay could not be eliminated by the Company without unreasonable effort and expense. In accordance with Rule 12b-25 of the Securities Exchange Act of 1934, the Company will file the 10-K no later than July 17, 2000 (15 calendar days from June 29, 2000, not including the holiday, July 4th).
PART IV
OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this notification.
Kevin Hardy (801) 972-2100
--------------------------------------------------------------------------------
(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 reports(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.
The Company reported a net loss of $48.0 million for the year ended March 31, 1999. As a result of the sale of all of the Company’s assets, the Company currently anticipates that it will report net income of approximately $28.1 million for the year ended March 31, 2000.
MKR HOLDINGS, INC.
-------------------------------------------------------------------------------- |
