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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Otelco - Income Deposit Securities (MM) | NASDAQ:OTT | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0 | - |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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OMB APPROVAL
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OMB Number:
3235-0058
Expires:
August 31, 2015
Estimated average burden
hours per response ............2.50
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FORM 12b-25
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SEC FILE NUMBER
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1-32362
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NOTIFICATION OF LATE FILING
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CUSIP NUMBER
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688823202
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(Check one):
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þ
Form 10-K
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¨
Form 20-F
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¨
Form 11-K
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¨
Form 10-Q
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¨
Form 10-D
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¨
Form N-SAR
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¨
Form N-CSR
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For Period Ended:
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December 31, 2012
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Transition Report on Form 10-K
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Transition Report on Form 20-F
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Transition Report on Form 11-K
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Transition Report on Form 10-Q
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Transition Report on Form N-SAR
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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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PART III — NARRATIVE
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State below in reasonable detail why Forms 10-K, 20-F, 11-K, 10-Q, 10-D, N-SAR, N-CSR, or the transition report or portion thereof, could not be filed within the prescribed time period.
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As previously disclosed in the Current Report on Form 8-K filed by Otelco Inc. (“Otelco”) on February 1, 2013, Otelco and each of its direct and indirect subsidiaries (together with Otelco, the “Company”) entered into a Restructuring Support Agreement (the “Support Agreement”) on January 31, 2013. Pursuant to the Support Agreement, the Company agreed, among other things, to (a) commence a solicitation for acceptances of a prepackaged chapter 11 plan of reorganization (the “Plan”) for the Company in accordance with the terms of the Support Agreement and the term sheet attached thereto (the “Solicitation”) by no later than February 14, 2013 and (b) commence reorganization cases (the “Chapter 11 Cases”) for the Company by filing voluntary petitions under chapter 11 of title 11 of the United States Code in the United States Bankruptcy Court for the District of Delaware as soon as practicable after the completion of the deadline to submit votes to accept or reject the Plan pursuant to the Solicitation, and, in any event, no later than April 3, 2013.
Otelco has been occupied with matters relating to the Solicitation and the commencement of the Chapter 11 Cases. Accordingly, Otelco has had insufficient time and resources to be able to file its Annual Report on Form 10-K for the fiscal year ended December 31, 2012 within the prescribed time period without unreasonable effort or expense. Otelco anticipates that it will file its Annual Report on Form 10-K for the fiscal year ended December 31, 2012 prior to the fifteenth calendar day following the prescribed due date.
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PART IV — OTHER INFORMATION
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(1) |
Name and telephone number of person to contact in regard to this notification
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Curtis L. Garner, Jr.
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205
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625-3574
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(Name)
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(Area Code)
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(Telephone Number)
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(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).
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þ 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?
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o Yes þ 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.
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Otelco Inc.
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has caused this notification to be signed on its behalf by the undersigned hereunto duly authorized.
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Date
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March 19, 2013
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By
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/s/ Curtis L. Garner, Jr.
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Name: Curtis L. Garner, Jr.
Title: Chief Financial Officer
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ATTENTION
Intentional misstatements or omissions of fact constitute Federal Criminal Violations (see 18 U.S.C. 1001).
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1 Year Otelco - Income Deposit Securities (MM) Chart |
1 Month Otelco - Income Deposit Securities (MM) Chart |
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