SEC FILE NUMBER
CUSIP NUMBER
050757-10-3
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
(Check One): [X] Form 10-K [ ] Form 20-F [ ] Form 11-K [ ] Form 10-Q
[ ] Form N-SAR [ ] Form N-CSR
For Period Ended: November 30, 2004
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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 Instruction (on back page) Before Preparing Form. Please Print or Type.
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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
Audiovox Corporation
Full Name of Registrant
Former Name if Applicable
180 Marcus Boulevard
Address of Principal Executive Office (Street and Number)
Hauppauge, New York 11788
City, State and Zip Code
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, Form 20-F, Form 11-K, Form N-SAR, or portion thereof,
[X] will be filed on or before the fifteenth calendar day following the
prescribed due date; or the subject quarterly report of 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 12b-25(c) has
been attached if applicable.
PART III -- NARRATIVE
State below in reasonable detail why the Forms 10-K, 20-F, 11-K, 10-Q, N-SAR, or
the transition report portion thereof, could not be filed within the prescribed
time period.
See Attached Exhibits A and B
(Attach Extra Sheets if Needed.)
PART IV--OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
Charles M. Stoehr (631) 231-7750
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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 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? [ ] Y[X] 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.
Audiovox Corporation
(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned
hereunto duly authorized.
Date February 11, 2005 By /s/ Charles M. Stoehr
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Charles M. Stoehr
Senior Vice President and Chief Financial Officer
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 12b-25 (17 CFR 240.12b-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 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 any class of securities of
the registrant is registered.
4. Amendments to the notifications must also be filed on form 12b-25 but need
not restate information that has been correctly furnished. The form shall
be clearly identified as an amended notification.
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 (ss.232.201 or ss.232.202 of this Chapter) or
apply for an adjustment in filing date pursuant to Rule 13(b) of Regulation
S-T (ss.232.13(b) of this Chapter).
Exhibit A
The Company's former auditor, KPMG LLP ("KPMG"), has advised the Company
that it will not consent to the Company's use of KPMG's previously rendered
opinion on the Company's financial statements for the fiscal year ended November
30, 2002 in the Company's Form 10-K for the fiscal year ended November 30, 2004.
Consequently, the Company's present auditor, Grant Thornton LLP is in the
process of conducting an audit of the Company's consolidated financial
statements for fiscal 2002. The fiscal 2002 audit cannot be completed by
February 14, 2005, the filing due date of the Company's fiscal 2004 Form 10-K.
Exhibit B
February 11, 2005
Securities and Exchange Commission
Washington, D.C. 20549
Dear Sir/Madam:
Re: Audiovox Corporation and our statement required by Rule 12b-25(c)
On January 17, 2005, we were engaged to reaudit the fiscal 2002 consolidated
financial statements of Audiovox Corporation and its subsidiaries (the
"Company") that were previously audited by KPMG LLP. Our audit of the Company's
fiscal 2002 consolidated financial statements is currently in process. However,
such audit will not be completed by February 14, 2005 (the filing due date of
the Company's fiscal 2004 Form 10-K) due to the late date of the commencement of
our engagement.
Very truly yours,
/s/ Grant Thornton LLP