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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
Commission File Number 0-10849
(Check one)
[_] Form 10-K and Form 10-KSB [X] Form 11-K
[_] Form 20-F [_] Form 10-Q and Form 10-QSB [_] Form N-SAR
For period ended __________________________________________________________
[_] Transition Report on Form 10-K and Form 10-KSB
[_] Transition Report on Form 20-F
[_] Transition Report on Form 11-K
[_] Transition Report on Form 10-Q and Form 10-QSB
[_] Transition Report on Form N-SAR
For the transition period ended ___________________________________________
Read Attached Instruction Sheet Before Preparing Form. Please Print or
Type.
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
Full name of registrant Southside Bancshares Corp.
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Former name if applicable
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Address of principal executive office (Street and
Number) 3606 Gravois Avenue
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City, State and Zip Code St. Louis, Missouri 63116
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PART II
RULE 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 appropriate box.)
[X] (a) The reasons described in reasonable detail in Part III of this
form could not be eliminated without unreasonable effort or expense;
[_] (b) The subject annual report, semi-annual report, transition report
on Forms 10-K, 10-KSB, 20-F, 11-K or 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, 10-QSB, 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 Forms 10-K, 10-KSB, 11-K,
20-F, 10-Q, 10-QSB, N-SAR or the transition report portion thereof could not be
filed within the prescribed time period. (Attach extra sheets if needed.)
Southside Bancshares Corp. ("the Registrant") has maintained an
Employee Stock Ownership Plan for the benefit of its employees since
January 1, 1984 and a 401(K) Thrift Plan for the benefit of its employees
since January 1, 1986. Prior to 1995, each of these Plans were exempt from
the annual reporting requirements under the Exchange Act. In 1995, the
Registrant began the process of combining these two plans into the
Southside Bancshares Corp. Employee Stock Ownership Plan (With 401(K)
Provisions) ("the Plan"). In October, 1995, the Plan was finalized with an
effective date of January 1, 1995. In addition to merging the plans, the
Registrant also changed to a new plan administrator. In the process of
converting the data to the new plan administrator's system, numerous
difficulties were encountered. As a result, the participant data was not
available for the Registrant's Certified Public Accountant to perform the
necessary procedures and for the issuance of an audit opinion, as is
required by the instructions for completing the Form 11-K. Fieldwork for
the audit has been scheduled for July, 1996, and it is anticipated that the
report will be issued in mid-August. Accelerating this schedule would
result in a significant increase in the associated expense. As soon as the
necessary documents have been prepared, they will be submitted to the
Securities and Exchange Commission on Form 11-K.
An extension to file the Plan's Form 5500 has previously been
submitted to the Internal Revenue Service. In addition, the Plan
participants have now been provided with their individual statements as of
December 31, 1995 indicating the value of their
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investments, as well as, a copy of the Registrant's Annual Report and Proxy
Statement for the year ended December 31, 1995. The Registrant anticipates
no changes which will affect any previously filed documents with the
Securities and Exchange Commission, and timely filing of future Form 11-K
documents should not present an undue burden on the Registrant.
PART IV
OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification.
Joseph W. Pope (314) 776-7000
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(Name) (Area Code) (Telephone Number)
(2) Have all other periodic reports required under Section 13 or 15(d) or
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?
[_] 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.
Southside Bancshares Corp.
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(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 27, 1996 By /s/ Joseph W. Pope
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Joseph W. Pope
Senior Vice President and
Chief Financial Officer
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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
violations (see 18 U.S.C. 1001).
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