GUARANTY BANCSHARES INC /TX/
NT 11-K, 2000-06-29
STATE COMMERCIAL BANKS
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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 12B-25

                           NOTIFICATION OF LATE FILING

                         Commission File Number 0-23113


(Check One):[ ] Form 10-K [ ] Form 20-F [X] Form 11-K [ ] Form 10-Q
            [ ] 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:

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:

PART I--REGISTRANT INFORMATION

GUARANTY BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN (WITH 401(K) PROVISIONS)
--------------------------------------------------------------------------------
Full Name of Registrant

NOT APPLICABLE
-------------------------
Former Name if Applicable

100 WEST ARKANSAS
---------------------------------------------------------
Address of Principal Executive Office (Street and Number)

MOUNT PLEASANT, TEXAS 75455
---------------------------
City, State and Zip Code

<PAGE>
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 appropriate)

      (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 annual report, semi-annual report, transition report on
            Form 10-K, Form 20-F, 11-K or Form N-SAR, 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 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.

PART III--NARRATIVE

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

      The Registrant is unable to file the Form 11-K by the required filing date
      because it has not received certain information from the plan
      administrator necessary to finalize the financial information required in
      the report.



PART IV--OTHER INFORMATION

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

      CLIFTON A. PAYNE          903                   572-9881
      ----------------         -----           ----------------------
      (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

                                       -2-
<PAGE>
 (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.

             GUARANTY BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN
                            (WITH 401(K) PROVISIONS)
                   ------------------------------------------
                  (Name of Registrant as Specified in Charter)

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


Date      JUNE 29, 2000        By   /s/ CLIFTON A. PAYNE
     ---------------------          ----------------------
                                        Clifton A. Payne
                                        Chief Financial Officer

                                       -3-


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