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  FORM 12b-25 SEC FILE NUMBER
  0-30351
 
    CUSIP NUMBER
  NOTIFICATION OF LATE FILING 24372A305

 

(Check one): [X] Form 10-K           [_] Form 20-F           [_] Form 11-K           [_] Form 10-Q           [_] Form 10-D
[_] Form N-SAR       [_] Form N-CSR      [_] Form N-CEN
 
For Period Ended: December 31, 2018            
[_] 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
[_] Transition Report on Form N-CEN
 
For the Transition Period Ended: ____________________

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

 
DEEP DOWN, INC.
Full Name of Registrant
 
 
Former Name if Applicable
 
18511 Beaumont Highway,
Address of Principal Executive Office (Street and Number)
 
Houston, Texas 77049
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 reason 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, Form N-CEN 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
    (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-K, 10-Q, 10-D, N-SAR, N-CSR, N-CEN or the transition report or portion thereof, could not be filed within the prescribed time period.

 

To ensure full compliance with new accounting standards, and finalize our impairment review of our long lived assets, the registrant was unable, without unreasonable effort and expense, to prepare the financial statements for the period ended December 31, 2018, in sufficient time to allow the timely filing of its Form 10-K.

 

PART IV — OTHER INFORMATION

 

(1) Name and telephone number of person to contact in regard to this notification
 
  Ronald E. Smith   281   517-5000
  (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 answer is no, identify report(s).
 
Yes  [X]     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?
 
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.

 

It is currently anticipated that the net loss will be significantly higher than the corresponding period for the last fiscal year. Because we have not yet concluded impairment review of our long-lived assets, the results of operations are not yet available.

 

DEEP DOWN, INC.

(Name of Registrant as Specified in Charter)

 

has caused this notification to be signed on its behalf by the undersigned hereunto duly authorized.

 

Date:   April 1, 2019   By: /s/ Ronald E. Smith
        Ronald E. Smith, President and Chief Executive Officer

 

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