UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
(Check One) [ ] Form 10-K [ ] Form 20-F [ ] Form 11-K
[X] Form 10-Q [ ] Form N-SAR
For the Period Ended July 31, 2001
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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 Instructions (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
If the notification relates to a portion of the filing checked above, identify
the Item(s) to which the notification relates: N/A
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PART I - REGISTRANT INFORMATION
NATIONAL AUTO CREDIT, INC.
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(Full Name of Registrant)
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(Former Name if Applicable)
555 Madison Avenue, 29th Floor
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(Address of principal executive offices)
New York, New York 10022
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(City, State and Zip Code)
PART II - RULES 12B-25(B) AND (C)
If the subject report could not be filled 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, Form 20-F, 11-K or Form N-SAR, or portion thereof, will be filed
on or before the fifteenth calendar day following the prescribed due date;
or the subject quarterly report on Form 10-Q, or portion thereof will be
filled on or before the fifth calendar day following the prescribed due
date; or
[ ] (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 Forms 10-K, 20-F, 11-F 10-Q,
N-SAR, or the transition report portion thereof, could not be filed within the
prescribed time period.
The Company's access to its corporate offices, professional resources, both
internal and external, and personnel have been significantly limited and/or
disrupted as a result of the tragedy at the World Trade Center in lower
Manhattan on September 11, 2001. The Company's offices, though located in
"mid-town" Manhattan, have been impacted, as many New York-based
businesses, by closures, restrictions and/or interruptions of traditional
transportation systems, communication networks and building access. As a
result of these events, the Company requires additional time to complete
its preparation of its Form 10-Q for the period ended July 31, 2001.
PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
Robert V. Cuddihy, Jr. 212 644-1400
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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 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.
The Registrant reported a net loss of $5.9 million for the
six months ended July 31, 2000. It is currently anticipated
that for the six months ended July 31, 2001 the Registrant
will report a net loss of $5.1 million.
NATIONAL AUTO CREDIT, 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 hereunto duly authorized
Date September 14, 2001 By /s/ Robert V. Cuddihy, Jr.
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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.