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U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12B-25
NOTIFICATION OF LATE FILING
[X] Form 10-KSB [ ] Form 20-F [ ] Form 11-K [ ] Form 10-QSB [ ] Form N-SAR
For Period Ended: December 31, 1999
[ ] 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:
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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
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;
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[x] (b) The subject report on Form 10-KSB or portion thereof will be
filed on or before the fifteenth calendar day following the prescribed due
date; and
[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-KSB or portion
thereof could not be filed within the prescribed time period.
On June 1, 1999, Unified Financial Services, Inc. (the "Company") acquired
each of Commonwealth Investment Services, Inc. ("Commonwealth") and Fully
Armed Productions, Inc. ("Fully Armed").
Despite the Company's diligent efforts, completion of the Form 10-KSB 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 acquired 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:
David F. Morris (314) 552-6179
(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 results of operations for the year
ended December 31, 1999 will be negatively impacted as compared to the
previous year due to the consummation of the acquisitions of Commonwealth and
Fully Armed in June 1999, which acquisitions were accounted for pursuant to
the pooling-of-interests method of accounting. In addition, the Company's
results of operations for the year ended December 31, 1999 will be adversely
affected by certain ongoing business initiatives, costs relative to expanding
the Company's management team and costs associated with start-up companies.
Based upon the foregoing, the Company currently estimates that it will incur
a loss of approximately $1.7 million for the year ended December 31, 1999.
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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: March 29, 2000 By: /s/ David F. Morris
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David F. Morris, Senior Vice President
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