SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 12b-25
Commission File Number __________
NOTIFICATION OF LATE FILING
(Check One): /x/ Form 10-K / / Form 11 K / / Form 20-F / / Form 10-Q
/ / Form N-SAR
For Period Ended: March 31, 1999
/ / Transition Report on Form 10-K / / Transition Report on Form 10-Q
/ / Transition Report on Form 20-F / / Transition Report on Form N-SAR
/ / Transition Report on Form 11-K
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 Warrantech Corporation
Former name if applicable
Address of principal executive office (Street and number)
300 Atlantic Street
City, state and zip code Stamford, CT 06901
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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 box if appropriate.)
/ / a) The reasons described in reasonable detail in Part III of this
form could be eliminated without unreasonable effort or expense.
/x / b) The subject annual report, semi-annual report, transition report on
Form 10-K, 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, 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, 11-K, 20-F, 10-Q,
N-SAR or the transition report portion thereof could not be filed within the
prescribed time period. (Attach extra sheets if needed).
Warrantech Corporation has not yet received certain documents necessary for its
independent auditors to complete their audit of the March 31, 1999 financial
statements.
PART IV
OTHER INFORMATION
1) Name and telephone number of person to contact in regard to this
notification.
Richard F. Gavino (203) 975-1100
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
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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
quantatively, and, if appropriate, state the reasons why a reasonable estimate
of the results cannot be made.
It is anticipated that the Registrant will report a net loss for the fiscal
year ended March 31, 1999 which presently is estimated at approximately
$1,140,000 compared to net income of $5,261,037 for the fiscal year ended March
31, 1998 with the loss resulting primarily from a decrease in gross margin,
significantly increased provision for bad debt expense and significantly higher
depreciation and amortization expense resulting from additional assets placed in
service during the 1999 fiscal year.
Warrantech Corporation
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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.
June 30, 1999 By: /s/ Richard F. Gavino
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Date Richard F. Gavino
Chief Financial Officer
