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U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
[ ] Form 10-K [ ] Form 20-F [ ] Form 11-K [X] Form 10-QSB [ ] Form N-SAR
For Period Ended: September 30, 1998
[ ] Transition Report on Form 10-K
[ ] Transition Report on Form 20-F
[ ] Transition Report on Form 11-K
[ ] Transition Report on Form 10-Q
[ ] Transition Report on Form N-SAR
For the Transition Period Ended:
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: Not applicable
PART I--REGISTRANT INFORMATION
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Full name of Registrant: Unified Financial Services, Inc.
Former Name: Unified Holdings, Inc.
Commission File Number: 0-22629
IRS Employer Identification No.: 43-1797759
429-431 North Pennsylvania Street
Address of Principal Executive Office (Street and Number)
Indianapolis, Indiana 46204-1873
City, State and Zip Code
PART II--RULES 12b-25(b) AND (c)
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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)
The registrant hereby represents that:
[x] (a) The reasons described in reasonable detail in Part III of
this form could not be eliminated without unreasonable effort or
expense;
[x] (b) The subject report on Form 10-QSB or portion thereof will be
filed on or before the fifth calendar day following the prescribed due
date; and
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[x] (c) The accountant's statement or other exhibit required by Rule
12b-25(c) has been attached if applicable.
PART III--NARRATIVE
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State below in reasonable detail the reasons why Form 10-QSB or portion
thereof could not be filed within the prescribed time period.
On August 21, 1998, Unified Financial Services, Inc. (the "Company")
acquired Fiduciary Counsel, Inc. and EMCO Estate Management Company,
Inc. In addition, on October 16, 1998, the Company entered into
agreements to acquire Equity Underwriting Group, Inc., Commonwealth
Premium Finance Corporation, Commonwealth Investment Services, Inc.,
AmeriPrime Financial Services, Inc. and Strategic Fund Services, Inc.
Despite the Company's diligent efforts, completion of the Form 10-QSB
has been delayed due to the substantial amount of time that has been
devoted to the Company's recent acquisitions and the unanticipated
difficulties in incorporating the financial information of the target
companies into the Company's financial statements.
PART IV--OTHER INFORMATION
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(1) Name and telephone number of person to contact in regard to this
notification:
Timothy L. Ashburn (317) 534-3301
(Name) (Area Code) (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 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).
[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?
[X] Yes [ ] 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.
The Company anticipates that the consolidated statements of income
for the three months ended September 30, 1998 will report net income of
$256,126, reflecting an increase of $121,241 over net income reported
for the three months ended September 30, 1997. The increase in net
income for the three months ended September 30, 1998 is attributable to
the increased revenues associated with increased assets under
management.
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UNIFIED FINANCIAL SERVICES, 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: November 16, 1998 By: /s/ Timothy L. Ashburn
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Timothy L. Ashburn, Chairman,
President and
Chief Executive Officer
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