|SECURITIES AND EXCHANGE COMMISSION||SEC FILE NUMBER|
|Washington, D.C. 20549||000-23115|
|FORM 12b-25||CUSIP NUMBER|
NOTIFICATION OF LATE FILING
|(Check One):||x Form 10-K||¨ Form 20-F||¨ Form 1l-K||¨ Form 10-Q||¨ Form N-SAR|
For Period Ended: December 31, 2012
|¨||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:
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.
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
CTI INDUSTRIES CORPORATION
Full Name of Registrant
Former Name if Applicable
22160 North Pepper Road
Address of Principal Executive Office (Street and Number)
Barrington, IL 60010
City, State and Zip Code
PART II - RULES 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, Form 20-F, II-K, 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 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 Rule 12b-25(c) has been attached if applicable.|
PART III - NARRATIVE
State below in reasonable detail the reasons why the Form 10-K, 11-K, 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)
In order for the Company to complete the preparation and review of financial and narrative information for its year ended December 31, 2012, the Company requires additional time to file its Form 10-K for such year.
PART IV--OTHER INFORMATION
|(1)||Name and telephone number of person to contact in regard to this notification|
|JONATHAN K. MILLER||312||786-5100|
|(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 reports) 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.
CTI INDUSTRIES 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: March 29, 2013||By||/s/ Stephen M. Merrick|
|Stephen M. Merrick, President|
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.
Intentional misstatements or omissions of fact constitute Federal Criminal violations (See 18 U.S.C. 1001).
For the year ended December 31, 2012, consolidated net sales totaled $49,543,000, compared to consolidated net sales of $47,171,000 for the year ended December 31, 2011, an increase of 5%. For the year, the Company achieved net income of $102,000 or $0.03 per share (basic and diluted), compared to $484,000 or $0.15 per share (basic and diluted) in 2011.