form12b25.htm
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
12b-25
NOTIFICATION
OF LATE FILING
Expires:May
31, 2012
Estimated
average burden
hours per
response 2.50
Commission
File Number 1-6615
(Check
one): [ ] Form
10-K [ ] Form
20-F [ ] Form
11-K [X] Form 10-Q
[ ]
Form 10-D [ ] Form
N-SAR [ ] Form N-CSR
For
period ended: June 27, 2010
[ ] 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:
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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.
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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:
________________________________________________________________________________________
PART
I — REGISTRANT INFORMATION
Superior
Industries International, Inc.
________________________________________________________________________________________
Full Name
of Registrant
________________________________________________________________________________________
Former
Name if Applicable
7800
Woodley Avenue
________________________________________________________________________________________
Address
of Principal Executive Office (Street and
Number)
Van
Nuys, CA 91406
__________________________________________________________________________________________________
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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[X]
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(a)
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The
reason described in reasonable detail in Part III of this form could not
be eliminated without unreasonable effort or
expense
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[X]
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(b)
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The
subject annual report, semi-annual report, transition report on Form 10-K,
Form 20-F, Form 11-K, Form N-SAR or Form N-CSR, 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 subject distribution report Form 10-D, or portion thereof, will be
filed on or before the fifth calendar day following the prescribed due
date; and
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(c)
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The
accountant’s statement or other exhibit required by Rule 12b-25(c) has
been attached if applicable.
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PART
III — NARRATIVE
State
below in reasonable detail why Forms 10-K, 20-F, 11-K, 10-Q, N-SAR, N-CSR, or
the transition report or portion thereof, could not be filed within the
prescribed time period.
Although
management of Superior Industries International, Inc. (the “Company”) has been
working diligently to complete all of the required information for its quarterly
report on Form 10-Q for the fiscal quarter ended June 27, 2010 (the “Form
10-Q”), the Company is unable, without unreasonable effort or expense, to
complete the financial statements and related disclosures to be included in the
Form 10-Q on or before August 6, 2010 due to unanticipated delays experienced in
the preparation of the Form 10-Q. These delays were primarily a
result of performing a financial statement quarter close for the first time
using the Company’s recently implemented Enterprise Resource Planning (ERP)
system as well as the result of recently implemented changes to the legal
structure associated with the Company’s operations in Mexico.
The
Company expects that it will be able to complete the work described above in
time for the Company to file its Form 10-Q for the three and six months ended
June 27, 2010 within the five-day extension provided by Rule
12b-25.
PART
IV — OTHER INFORMATION
(1) Name
and telephone number of person to contact in regard to this
notification
Emil
J. Fanelli 818 902-2700
________________________________________________________________________________________
(Name) (Area Code)(Telephone
Number)
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(2)
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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
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(3)
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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?
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[X] Yes [ ] No
Net sales
are expected to increase for the quarter and half year ended June 27, 2010 when
compared to the comparable periods in the prior year, primarily as a result of
an increase in unit shipments caused by increased demand.
It is
expected that gross margin will increase for the quarter and half year ended
June 27, 2010 when compared to the comparable periods in the prior year,
primarily due to higher plant utilization rates due to the increase in demand
and the absence of certain severance and plant shut-down costs in the current
year.
Selling,
general and administrative expenses are expected to be slightly higher for the
quarter and half year ended June 27, 2010 when compared to the comparable
periods in the prior year. This increase is primarily as a result of the
increase in expenses related to our ERP implementation, legal and consulting
fees associated with implementing certain tax strategies and increase in certain
compensation expense related accruals.
During
the quarter and half year ended June 28, 2009, we recorded $2.9 million and
$11.8 million of long-lived asset impairment charges. During the quarter
and half year ended June 27, 2010, there were no impairments of our long-lived
assets.
The
Company is not able to able to provide definitive estimates of the changes in
net sales, net income, gross margin or operating expenses until the Company
completes its preparation and review of the financial statements and related
disclosures that need to be included in the Form 10−Q.
SUPERIOR INDUSTRIES
INTERNATIONAL, INC.
(Name of
Registrant as Specified in Charter)
has
caused this notification to be signed on its behalf by the undersigned thereunto
duly authorized.
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Date: August
9, 2010
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By: |
/s/
Emil J. Fanelli
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Emil
J. Fanelli
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Chief
Accounting Officer and acting
Chief Financial Officer
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