NETSMART TECHNOLOGIES INC
NT 10-K, 2000-03-31
COMPUTER PROCESSING & DATA PREPARATION
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                           U.S. SECURITIES AND EXCHANGE COMMISSION
                                    WASHINGTON, D.C. 20549

                           NOTIFICATION OF LATE FILING

                     SEC File Number 000-21177 Cusip Number

[Check One]           [X] Form 10-K         [_] Form 20-F        [_] Form 11-K
                      [_] Form 10-Q         [_] Form N-SAR

For the Period Ended:  December 31, 1999

[ ]  Transition  Report on Form 10-K      [ ]  Transition Report on Form 10-Q
[ ]  Transition  Report on Form 20-F      [ ]  Transition  Report on Form  N-SAR
[ ]  Transition  Report on Form 11-K

For the Transition Period Ended:  __________________________

        Nothing in this form shall be  constructed  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

Full Name of Registrant:  NETSMART TECHNOLOGIES, INC.

Former Name if Applicable:   N/A

Address of Principal Executive Office:  146 NASSAU AVENUE, ISLIP, NEW YORK 11751

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 applicable)

[X]            (a) The reasons  described  in  reasonable  detail in Part III of
               this form could not be eliminated without  unreasonable effort or
               expenses;

[X]            (b) The subject annual  report,  semi-annual  report,  transition
               report on Form 10-K,  Form 20-F,  11-K,  Form  N-SAR,  or portion
               thereof,  will be  filed  on or  before  the  15th  calendar  day
               following  the  prescribed  due date;  or the  subject  quarterly
               report or  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.


<PAGE>


PART III - NARRATIVE

        State below in  reasonable  detail the reasons why the Form 10-K,  20-F,
11-K, 10-Q or N-SAR, or the transition  report or portion thereof,  could not be
filed within the prescribed time period (Attached Extra Sheet if Needed).

Netsmart Technologies, Inc. could not obtain certain material required for the
filing in a timely manner without unreasonable effort or expense.

PART IV - OTHER INFORMATION

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

        Anthony F. Grisanti            (631)                  968-2000
        -------------------         --------------        ------------
                (Name)              (Area Code)           (Telephone No.)

(2)     Have all other periodic reports required under Section 13 or 15(d) of
        the Securities and 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 reports) been
        filed?  If answer is no, identify report(s). [X] Yes   [   ] 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.

                           NETSMART TECHNOLOGIES, INC.
                         (Name of Registrant as Specified in Charter)

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

Date:  March 30, 2000               By:  /s/ Anthony F. Grisanti
- ---------------------               ----------------------------
                                    Anthony F. Grisanti

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 Violation (See 18 U.S.C. 1001).






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