<SEC-DOCUMENT>0001178913-22-001737.txt : 20220502
<SEC-HEADER>0001178913-22-001737.hdr.sgml : 20220502
<ACCEPTANCE-DATETIME>20220502084021
ACCESSION NUMBER:		0001178913-22-001737
CONFORMED SUBMISSION TYPE:	NT 20-F
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20211231
FILED AS OF DATE:		20220502
DATE AS OF CHANGE:		20220502
EFFECTIVENESS DATE:		20220502

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GILAT SATELLITE NETWORKS LTD
		CENTRAL INDEX KEY:			0000897322
		STANDARD INDUSTRIAL CLASSIFICATION:	RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT [3663]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		NT 20-F
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-21218
		FILM NUMBER:		22879555

	BUSINESS ADDRESS:	
		STREET 1:		C/O GILAT SATELLITE NETWORKS INC
		STREET 2:		1651 OLD MEADOW RD
		CITY:			MCLEAN
		STATE:			VA
		ZIP:			22102
		BUSINESS PHONE:		7037349401

	MAIL ADDRESS:	
		STREET 1:		GILAT HOUSE YEGIA KAPAYIM STREET
		STREET 2:		DANIV PARK
		CITY:			KIRYAT ARYE PETAH TI
		STATE:			L3
		ZIP:			00000
</SEC-HEADER>
<DOCUMENT>
<TYPE>NT 20-F
<SEQUENCE>1
<FILENAME>zk2227716.htm
<DESCRIPTION>NT 20-F
<TEXT>
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      <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-size: 14pt; background-color: rgb(255, 255, 255); font-weight: bold; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">UNITED STATES</div>
      <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-size: 14pt; background-color: rgb(255, 255, 255); font-weight: bold; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">SECURITIES AND EXCHANGE COMMISSION</div>
      <div style="text-align: center; line-height: 1.25;">Washington, DC 20549</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-size: 14pt; font-weight: bold; background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">FORM 12b-25</div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;">NOTIFICATION OF LATE FILING</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="line-height: 1.25;">(Check one):</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="line-height: 1.25;">&#9744; Form 10-K&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#9746; Form 20-F&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#9744; Form 11-K&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#9744; Form 10-Q&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#9744; Form 10-D&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#9744; Form N-SAR&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#9744; Form N-CSR</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="line-height: 1.25;">For Period Ended:&#160;&#160; December 31, 2021</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="line-height: 1.25;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#9744; Transition Report on Form 10-K&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</div>
      <div style="line-height: 1.25;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#9744;&#160; Transition Report on Form 20-F&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</div>
      <div style="line-height: 1.25;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#9744;&#160; Transition Report on Form 11-K&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</div>
      <div style="line-height: 1.25;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#9744;&#160; Transition Report on Form 10-Q&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</div>
      <div style="line-height: 1.25;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#9744;&#160; Transition Report on Form N-SAR&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="line-height: 1.25;">For the Transition Period Ended: _________</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="line-height: 1.25;">Nothing in this form shall be construed to imply that the Commission has verified any information contained herein.</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="line-height: 1.25;">If the notification relates to a portion of the filing checked above, identify the Item(s) to which the notification relates:</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="line-height: 1.25;">PART I - REGISTRANT INFORMATION</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="line-height: 1.25; background-color: rgb(255, 255, 255); font-weight: bold; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-size: 16pt; font-style: normal; font-variant: normal; text-transform: none;">
        <div style="text-align: center; line-height: 1.25;">Gilat Satellite Networks Ltd.</div>
      </div>
      <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">(Exact name of registrant as specified in its charter)</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);" id="z14acaa784daa48c1b5e33435d158a5a8">

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            <td style="width: 33%; vertical-align: top;">
              <div style="text-align: center; line-height: 1.25;">Israel</div>
            </td>
            <td style="width: 33%; vertical-align: top;">
              <div style="text-align: center; line-height: 1.25; font-weight: bold;">&#160;0-21218</div>
            </td>
            <td style="width: 33%; vertical-align: top;">
              <div style="text-align: center; line-height: 1.25;">N/A</div>
            </td>
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            <td style="width: 33%; vertical-align: top;">
              <div style="text-align: center; line-height: 1.25;">(State or other jurisdiction</div>
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              <div style="text-align: center; line-height: 1.25;">(Commission File Number)</div>
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              <div style="text-align: center; line-height: 1.25;">(IRS Employer</div>
            </td>
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            <td style="width: 33%; vertical-align: top;">
              <div style="text-align: center; line-height: 1.25;">of Incorporation)</div>
            </td>
            <td style="width: 33%; vertical-align: top; text-align: center;">&#160;</td>
            <td style="width: 33%; vertical-align: top;">
              <div style="text-align: center; line-height: 1.25;">Identification Number)</div>
            </td>
          </tr>

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      </div>
      <div style="line-height: 1.25;">
        <div style="text-align: center; line-height: 1.25;">Gilat House, Yegia Kapayim Street</div>
        <div style="text-align: center; line-height: 1.25;">Daniv Park, Kiryat Arye, Petah Tikva, Israel</div>
      </div>
      <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">Tel: +972 3 929 3020</div>
      <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">(Address, including zip code, and telephone number, including area code of registrant's principal executive offices)</div>
      <div style="line-height: 1.25;"> <br>
      </div>
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      </div>
      <div style="line-height: 1.25;">PART II - RULES 12b-25 (b) AND (c)</div>
      <div style="line-height: 1.25;"> <br>
      </div>
      <div style="line-height: 1.25;">If the subject report could not be filed without reasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following should be completed. (Check box if appropriate)</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="line-height: 1.25;"><font style="font-family: 'Segoe UI Symbol', sans-serif;">&#9746;</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;(a) The reason described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense;</div>
      <div style="line-height: 1.25;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<br style="line-height: 1.25;">
      </div>
      <div style="line-height: 1.25;"><font style="font-family: 'Segoe UI Symbol', sans-serif;">&#9746;</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;(b) The subject annual report, semi-annual report, transition report on Form10-K, Form 20-F,Form11-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</div>
      <div style="line-height: 1.25;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<br style="line-height: 1.25;">
      </div>
      <div style="line-height: 1.25;"><font style="font-family: 'Segoe UI Symbol', sans-serif;">&#9744;</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;(c) The accountant&#8217;s statement or other exhibit required by Rule 12b-25(c) has been attached if applicable.</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="line-height: 1.25;">PART III &#8211; NARRATIVE</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="line-height: 1.25; font-weight: bold;">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.</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="line-height: 1.25;">The audit of the registrant subsidiaries in Peru is still ongoing and thus the audit of our consolidated financial statement has not been completed as yet. Accordingly, the timely filing of the Form 20-F has become
        impracticable. Registrant expects to file its Annual Report on Form 20-F within the extension period.</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="line-height: 1.25;">PART IV - OTHER INFORMATION</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="line-height: 1.25;">(1) Name and telephone number of person to contact in regard to this notification:</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="line-height: 1.25;">Gil Benyamini, CFO, Tel: +972 3 929 3020</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="line-height: 1.25;">(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 the answer is no, identify report(s).</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif;"><font style="font-family: 'Segoe UI Symbol',sans-serif;">&#9746;</font> Yes <font style="font-family: 'Segoe UI Symbol',sans-serif;">&#9744;</font> No</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="line-height: 1.25;">(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?</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif;"><font style="font-family: 'Segoe UI Symbol',sans-serif;">&#9746;</font> Yes <font style="font-family: 'Segoe UI Symbol',sans-serif;">&#9744;</font> No</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="line-height: 1.25;">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.</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
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      </div>
      <div style="text-indent: 36pt; line-height: 1.25;">For the year ended December 31, 2020, the Registrant reported revenues of $165.9 million and net income of $34.9 million, which was primarily attributable to&#160;a settlement payment received in
        connection with a terminated merger agreement. On February 15, 2022, the registrant reported unaudited summary financial results for the year and quarter ended December 31, 2021, of approximately $ 218.9 million in revenue and a net loss of $2.7
        million for the year ended December 31, 2021.</div>
      <div style="line-height: 1.25;">
        <div style="line-height: 1.25;"><br>
        </div>
        <div style="text-indent: 36pt; line-height: 1.25;">
          <div style="line-height: 1.25;">
            <div style="text-indent: 36pt; line-height: 1.25;">The audit of the registrant&#8217;s subsidiaries in Peru is still ongoing and thus the audit of our consolidated
              financial statement has not been completed as yet. Based on the information available to the Registrant at this date (i) we expect changes in several items in the Consolidated Financial Statements for previous years to result in an increase
              in the Shareholders&#8217; Equity in the Consolidated Balance Sheet as of December 31, 2020 in the range of&#160; 6%-8%; and (ii) we expect immaterial changes in the Consolidated Income Statement for the years ended December 31, 2019 and 2020 and in the
              previously reported unaudited results for the year ended December 31, 2021. The changes are for the most part related to the implementation of the accounting standard ASC 606 Revenue from Contracts with Customers which became effective in
              2018. </div>
          </div>
        </div>
        <div style="line-height: 1.25">&#160;</div>
        <div style="text-indent: 36pt; line-height: 1.25; font-style: italic;">Cautionary Note Regarding Forward-Looking Statements</div>
      </div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-indent: 35.45pt; line-height: 1.25;">This Form 12b-25 contains various &#8220;forward&#8209;looking statements&#8221; within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934,
        as amended, and within the Private Securities Litigation Reform Act of 1995, as amended. Such forward-looking statements reflect our current view with respect to future events and, financial results of operations. Forward-looking statements usually
        include the verbs, &#8220;anticipates,&#8221; &#8220;believes,&#8221; &#8220;estimates,&#8221; &#8220;expects,&#8221; &#8220;intends,&#8221; &#8220;plans,&#8221; &#8220;projects,&#8221; &#8220;assess,&#8221; &#8220;understands&#8221; and other verbs suggesting uncertainty. We remind readers that forward-looking statements are merely predictions and
        therefore inherently subject to uncertainties and other factors and involve known and unknown risks that could cause the actual` results to be materially different from any results expressed or implied by such forward-looking statements. Readers
        are cautioned not to place undue reliance on these forward&#8209;looking statements which speak only as of the date hereof.</div>
      <div style="line-height: 1.25;">
        <div style="line-height: 1.25;"><br style="line-height: 1.25;">
        </div>
        <div style="text-indent: 36pt; line-height: 1.25;">The Registrant has caused this notification to be signed on its behalf by the undersigned, hereunto duly authorized.</div>
      </div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="line-height: 1.25;">
        <div style="margin-left: 36pt;">
          <table cellspacing="0" cellpadding="0" border="0" style="width: 90%; color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left;" id="z1a9b2e4bbdcb4ee8a22421e6c6143b03">

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                  <div style="line-height: 1.25;">Gilat Satellite Networks Ltd.</div>
                </td>
                <td colspan="1" rowspan="1" style="width: 50%; vertical-align: top;">&#160;</td>
              </tr>
              <tr>
                <td colspan="2" rowspan="1" style="vertical-align: top;">
                  <div style="line-height: 1.25;">(Registrant)</div>
                </td>
                <td colspan="1" rowspan="1" style="width: 50%; vertical-align: top;">&#160;</td>
              </tr>
              <tr>
                <td style="width: 4%; vertical-align: top;">&#160;</td>
                <td style="width: 46%; vertical-align: top;">&#160;</td>
                <td colspan="1" style="width: 50%; vertical-align: top;">&#160;</td>
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                <td style="width: 4%; vertical-align: top;">
                  <div style="line-height: 1.25;">By:</div>
                </td>
                <td style="width: 46%; vertical-align: top;">
                  <div style="line-height: 1.25;"><u>/s/ Gil Benyamini</u></div>
                </td>
                <td colspan="1" style="width: 50%; vertical-align: top;">
                  <div style="line-height: 1.25;">Date: May 2, 2022</div>
                </td>
              </tr>
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                <td style="width: 4%; vertical-align: top;">&#160;</td>
                <td style="width: 46%; vertical-align: top;">
                  <div style="line-height: 1.25;">Gil Benyamini, Chief Financial Officer</div>
                </td>
                <td colspan="1" style="width: 50%; vertical-align: top;">&#160;</td>
              </tr>

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        &#160;&#160;&#160;&#160;&#160;&#160; </div>
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