UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25

NOTIFICATION OF LATE FILING


(Check One):
 
o Form 10-K
 
o Form 20-F
 
o Form 11-K
 
ý Form 10-Q
 
o Form N-SAR

 
 
 
 
 
 
 
 
 
 
 
    For Period Ended:   6/30/02
    
    o Transition Report on Form 10-K
    o Transition Report on Form 20-F
    o Transition Report on Form 11-K
    o Transition Report on Form 10-Q
    o 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

Cyanotech Corporation
Full Name of Registrant


Former Name if Applicable

73-4460 Queen Kaahumanu Highway, Suite #102
Address of Principal Executive Office (Street and Number)

Kailua Kona, HI 96740
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;
ý   (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 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 Forms 10-K, 20-F, 11-K, 10-Q, N-SAR, or the transition report or portion thereof, could not be filed within the prescribed time period.

On April 1, 2002 the Company began the final phase of conversion to an updated financial accounting package. Although a majority of the conversion work is complete, remaining issues delayed the preparation of the consolidated financial statements.

Financial information necessary for the filing of a complete and accurate Form 10-Q could not be provided within the prescribed time period without unreasonable effort and expense.

(Attach Extra Sheets if Needed)

PART IV — OTHER INFORMATION

(1)
Name and telephone number of person to contact in regard to this notification


 
 
Jeffrey H. Sakamoto
(Name)
 
(808)
(Area Code)
 
326-1353
(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 preceeding 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). ý Yes        o 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? o Yes        ý No

 
 
Cyanotech 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
 
August 15, 2002
 
By
 
/s/ Jeffrey H. Sakamoto, Controller
   
     

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).