SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
Commission File Number 1-1927
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(CHECK ONE)
[x] Form 10-K [ ] Form 11-K
[ ] Form 20-F [ ] Form 10-Q [ ] Form N-SAR
For period ended December 31, 2002
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[ ] 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 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:
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PART I
REGISTRANT INFORMATION
Full name of registrant The Goodyear Tire & Rubber Company
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Former name if applicable
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Address of principal executive office (Street and number)
1144 East Market Street
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City, state and zip code Akron, Ohio 44316-0001
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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.)
(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, 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
[X] 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 Form 10-K, 11-K, 20-F,
10-Q, N-SAR or the transition report or portion thereof could not be filed
within the prescribed time period. (Attach extra sheets if needed.)
On April 1, 2003 the Company completed its previously announced discussions
with its bank lenders and entered into a restructuring of its bank loan
agreements. Since it was necessary to reflect these restructured agreements in
the Company's report on Form 10-K, the Company determined that it was not
feasible to file the report by March 31, 2003. The Company's Form 10-K will be
filed no later than April 15, 2003, and the Company has announced that it
expects the Form 10-K to be filed on April 3, 2003.
PART IV
OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification.
C. Thomas Harvie (330) 796-2408
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(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 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.
For the year ended December 31, 2002, the Company expects to report a net
loss of approximately $1.1 billion, or $6.62 per share, compared to a net loss
of approximately $204 million, or $1.27 per share, for the year ended December
31, 2001. The increased loss for the fiscal year ended 2002 was primarily due to
a previously announced non-cash charge of $1.1 billion taken in the fourth
quarter of 2002 to establish a valuation allowance against the Company's net
U.S. deferred tax assets. This non-cash charge was offset by a number of
factors, including a reduction in net rationalization costs from $206.8 million
in 2001 to $8.6 million in 2002.
The Goodyear Tire & Rubber Company
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(Name of Registrant as Specified in Charter)
Has caused this notification to be signed on its behalf by the undersigned
hereunto duly authorized.
Date: April 1, 2003 By: /s/ Robert W. Tieken
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Robert W. Tieken
Executive Vice President and
Chief Financial Officer