NT10-K--12b-25
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| SEC FILE NUMBER |
| 001-34885 |
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| CUSIP NUMBER |
| 03236M101 |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
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(Check one): | Form 10-K | x | Form 20-F | ¨ | Form 11-K | ¨ | Form 10-Q | ¨ |
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| Form 10-D | ¨ | Form N-SAR | ¨ | Form N-CSR | ¨ | | |
For the Period Ended: December 31, 2013
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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 |
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| | For the Transition Period Ended: |
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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
AMYRIS, INC.
Full Name of Registrant
Former Name if Applicable
5885 Hollis Street, Suite 100
Address of Principal Executive Office (Street and Number)
Emeryville, California 94608
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)
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x | | (a) The reason described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense; |
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| | (b) The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, Form 11-K, Form N-SAR or Form N-CSR, or portion thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report or transition report on Form 10-Q or subject distribution report on Form 10-D, or portion thereof, will be filed on or before the fifth calendar day following the prescribed due date; and |
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| | (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 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.
Amyris, Inc. (the “Company”) expects to file the subject Annual Report on Form 10-K for the fiscal year ended December 31, 2013 (the “Form 10-K”) on or before the fifteenth calendar day following the Form 10-K's due date. The Form 10-K could not be filed without unreasonable effort or expense by the date required because the Company is continuing to assess, compile and obtain information relating to the Company’s liquidity needs for the twelve-month period following the filing, including analyzing the impact of certain pending transactions and arrangements and of contingency plans by which the Company could, if there are delays or failures in expected funding, adjust its business.
Forward-Looking Statements
This notification includes forward-looking statements within the meaning of Section 21E of the Exchange Act. The word “expects” and similar terms and phrases are used in this notification to identify forward-looking statements, including statements regarding the Company's estimated timing for the filing of the Form 10-K and expectations regarding transactions and additional funding. Risks, uncertainties and assumptions that could affect the Company's forward-looking statements include, among other things, the Company's ability to complete potential transactions and the time needed for the Company to finalize and file its Form 10-K. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this Notification of Late Filing on Form 12b-25. The Company undertakes no obligation to revise or update any forward-looking statements to reflect events or circumstances after the date hereof.
PART IV — OTHER INFORMATION
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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Paulo Diniz | | | | (510) | | | | 450-0761 |
(Name) | | | | (Area Code) | | | | (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). Yes x 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 ? Yes 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.
See Attachment 1.
Amyris, Inc.
(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned hereunto duly authorized.
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Date: March 17, 2014 | |
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By | /s/ PAULO DINIZ Paulo Diniz |
| Interim 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).
Amyris, Inc.
Attachment 1 to Form 12b-25
The Company's aggregate revenues for the year ended December 31, 2013 were $41.1 million versus $73.7 million in the prior year. The decline in revenue was due to decreased revenues from product sales. Product sales decreased by $33.8 million to $15.8 million with reductions resulting primarily from the transition out of the ethanol-blended gasoline business during the third quarter of 2012. Renewable product sales were $15.8 million for the year compared to $10.8 million for the prior year.
The Company's total research & development and sales, general & administrative expenses declined by $21.7 million to $57.1 million in 2013 compared to the prior year, primarily as a result of our overall cost reduction efforts and lower spending. The 2013 GAAP net loss attributable to common stockholders was $231.5 million ($3.12 per share) compared to a loss of $205.1 million ($3.62 per share) in the prior year.
The Company's balance of cash, cash equivalents and marketable securities at the end of the fourth quarter of 2013 was $8.4 million. In December 2013, the Company agreed to sell $34.0 million of senior convertible promissory notes in a private placement to existing and new Amyris investors. The transaction included $28.0 million in cash proceeds (which was received in January 2014), and the cancellation by Total Gas & Power USA, SAS (“Total”) of approximately $6.0 million from an outstanding senior unsecured convertible promissory note (in respect of Total’s pre-existing contractual right to maintain its pro rata ownership position through such cancellation).