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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
Commission File Number 000-26275
NOTIFICATION OF LATE FILING
(Check One)
[ ] Form 10-K [ ] Form 20-F [ ] Form 11-K
[X] Form 10-Q [ ] Form N-SAR
For Period Ended: June 30, 2000
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[ ] 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: N/A
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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: N/A
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PART I -- REGISTRANT INFORMATION
drkoop.com, Inc.
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Full Name of Registrant
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Former Name if Applicable
7000 N. Mopac, Suite 400
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Address of principal executive office (Street and Number)
Austin, Texas 78731
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City, state and zip code
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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 Rules 12b-25(b), the
following should be completed. (Check box if appropriate.)
[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 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 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 the Form 10-K and Form 10-
KSB, 20-F, 11-K, 10-Q and Form 10-QSB, N-SAR, or the transition report or
portion thereof, could not be filed within the prescribed period. (Attach extra
sheets if needed.)
As previously disclosed in public filings with the Securities and Exchange
Commission (the "Commission"), the registrant is engaged in efforts to implement
a permanent financing to refinance bridge financing previously received and has
also engaged in discussions with parties proposing strategic transactions with
the registrant. These efforts to pursue significant corporate transactions have
placed significant demands on our financial staff. These demands have made it
impossible to prepare the Form 10-Q for the June quarter and obtain the
necessary management review of this filing on or prior to August 14, 2000
without incurring unreasonable effort or expense.
PART IV--OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
Susan M. Georgen-Saad (512) 583-5667
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(Name) (Area Code) (Telephone Number)
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(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 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 of 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.
Please see attached.
drkoop.com, Inc. has caused this notification to be signed on its behalf by the
undersigned thereunto duly authorized.
Date: August 14, 2000 By /s/ Susan M. Georgen-Saad
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Susan M. Georgen-Saad
Acting Chief Financial Officer
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Attachment to Part IV(3)
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Given the rapid growth of the registrant, it does not believe that a
comparison to the prior fiscal year is a relevant measurement tool. On July 14,
2000, however, in a Form 8-K the registrant reported that as of the date of that
Report, management believed that revenues for the quarter ended June 30, 2000
will be $2.5 million to $3.0 million and the net loss will be $1.15 to $1.18 per
share. Management continues to believe that the results of operations for the
quarter will be consistent with these ranges.
Some of the information provided above constitutes forward-looking
statements which are subject to the safe-harbor provisions of the federal
securities laws. In particular, our estimate of results for the quarter ended
June 30, 2000 constitute such forward-looking statements. These forward-looking
statements are based on our current expectations and are subject to material
risks and uncertainties.
