AMPX Ampex Corp Class A (MM)

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

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)

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.

On March 30, 2008, Ampex Corporation and its U.S. subsidiaries (collectively, “Ampex” or the “Company”) filed voluntary petitions for relief under chapter 11 of title 11 of the United States Code (the “Bankruptcy Code”). In July 2007, the Company began to report that it was engaged in negotiations with its largest unsecured creditor and certain secured creditors to develop a consensual plan that would provide for the orderly restructuring of its indebtedness. These negotiations resulted in a pre-negotiated plan of reorganization (the “Plan”), as evidenced by a Plan Support Agreement dated as of March 30, 2008, which was filed with the U.S. Bankruptcy Court in connection with the Company’s chapter 11 case.

The Company could not file its Annual Report on Form 10-K for the year ended December 31, 2007 (the “2007 Form 10-K”) within the prescribed period because additional time is required to complete the financial statements, footnotes and disclosures in order to incorporate information contained in the Plan and the related Disclosure Statement in connection with its filing for relief under chapter 11 of the Bankruptcy Code. The Company currently expects to be able to file its 2007 Form 10-K within fifteen calendar days following the prescribed due date, but there can be no assurance that it will be able to do so.

PART IV — OTHER INFORMATION

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.

Ampex will report significant changes in its operating results between 2006 and 2007, primarily due to fluctuations in revenues, patent litigation costs and other operating expenses incurred by its licensing segment and recorders segment, as set forth below.

Total revenues are expected to increase by $5.6 million, or 15.5%, in 2007 over 2006, due in part to increased licensing revenue resulting from a $1.9 million negotiated settlement received in 2007 covering a prepayment of royalty obligations through 2011, whereas no such settlements were received in 2006. Revenues of the Company’s recorders segment are expected to increase by $3.9 million, or 15.6%, in 2007 over 2006 as new product sales more than offset the decline in service revenues associated with older tape-based products.

Costs and operating expenses are expected to decline by $3.2 million, or 8.2%, primarily due to a decline in patent litigation costs of $8.1 million from 2006 to 2007. Such declines were partially offset by higher cost of sales, research and development costs and selling and administrative costs in 2007 over 2006 required to support the licensing segment’s and recorders segment’s businesses. Reorganization costs incurred in connection with restructuring the Company’s indebtedness and preparing for the chapter 11 filing totaled $0.6 million in 2007.

Operating income is expected to total $5.1 million in 2007, compared to an operating loss of ($3.7) million in 2006, for the reasons discussed above.

Net income for 2007 is expected to total $0.9 million, or $0.23 per diluted share applicable to common stockholders, compared to a net loss of $3.9 million, or net loss of ($1.03 ) per diluted share applicable to common stockholders in 2006.

The foregoing information is subject to change based upon completion of the Company’s 2007 audit.

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

Ampex (NASDAQ:AMPX)
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