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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON DC 20549
FORM 12b-25
Commission File Number: 1-10428
NOTIFICATION OF LATE FILING
(Check One) [X]Form 10-K [_] Form 11-K [_] Form 20-F [_] Form 10-0
[_] Form N-SAR
For period Ended: December 31, 2000
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[_] Transition Report on Form 10-K [_] Transition Report on Form 10-Q
[_] Transition Report on Form 20-F [_] Transition Report on Form N-SAR
[_] Transition Report on Form 11-K
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: Sunrise Technologies International, Inc.
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Former name, if applicable:
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Address of principal executive office (Street and number)
3400 West Warren Avenue
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City, State and Zip Code: Fremont, California 94538
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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;
[X] (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
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 portion thereof could not be filed within
the prescribed time period. (Attach extra sheets if needed.)
The Company experienced a reduction in force in January 2001 which has reduced
the personnel available to complete the process of preparing the year-end
financial statements. This process, involving the first fiscal year in which the
Company has had sales of its Hyperion LTK laser system, has taken more time than
originally anticipated. In addition, resources and personnel which would
otherwise have been utilized for the preparation of the Form 10-K have been
involved in negotiations to extend the Company's revolving line of credit beyond
the one-year term of that June 29, 2000, loan facility. The Company expects that
it will file its Form 10-K prior to April 15, 2001.
PART IV. OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification:
C. Russell Trenary, III (510) 623-9001
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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 preceding 12 months or for such shorter period that the
registrant was required to file such report been filed? If the answer is no,
identify report(s). [X] Yes [_] No
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(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 began selling its Hyperion LTK laser system in the third quarter of
2000. As a result, the Company's revenues and expenses will be significantly
increased over the prior year. Pending completion of the Company's year 2000
financial statements, the Company is unable to reasonably estimate the results
for that period.
Sunrise Technologies International, Inc.
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(Name of registrant as specified in charter)
Has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.
Date: April 2, 2001 By: /s/ C. RUSSELL TRENARY III
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).
GENERAL INSTRUCTIONS
1. This form is required by Rule l2b-25 of the General Rules and
Regulations under the Securities Exchange Act of 1934.
2. One signed original and four conformed copies of this form and
amendments thereto must be completed and filed with the Securities and Exchange
Commission, Washington, D.C. 20549, in accordance with Rule 0-3 of the General
Rules and Regulations under the Act. The information contained in or filed with
the form will be made a matter of the public record in the Commission files.
3. A manually signed copy of the form and amendments thereto shall be
filed with each national securities exchange on which ant' class of securities
of the registrant is registered.
4. Amendments to the notifications must also be filed on Form l2b-25 but
need not restate information that has been correctly furnished. The form shall
be clearly identified as an amended notification.
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5. Electronic Filers. This form shall not be used by electronic filers
unable to timely file a report solely due to electronic difficulties. Filers
unable to submit a report within the time period prescribed due to difficulties
in electronic filing should comply with either Rule 201 or Rule 202 of
Regulation S-T or apply for an adjustment in filing date pursuant to Rule 13(b)
of Regulation S-T.
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