Hi Scott, yes, that is correct: In a 12x12 room, divide the room tic-tac-toe style and acoustically the best place to put your speakers is at the 1/3 points—4 ft. in from both the sides and front wall. Please note this distance is measured from the tweeters/front baffle of your speakers, not the back/sides.
Now because of the 12x12 size of the room, obviously we can’t follow the rule of thirds because that would put both the speakers/listener too far out into the room and too close together. The next best positions would then be at the 1/5 points, then the 1/7 points, and so on to best minimize resonance problems, standing waves, etc.
We should also remember that, in the square room described above, putting speakers equidistant from the front/side walls will effectively “double up” any problem frequency areas because of the similar L x W dimensions. Try moving the speakers ever so slightly fore/aft to see if you get better sound; in most cases you’ll hear this as an increase/decrease in bass boominess/muddiness.
Hope this helps!
Oliver
Oliver Amnuayphol
Home Theater/Audio Guru
Aperion Audio