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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
Commission File Number : 1-8645
NOTIFICATION OF LATE FILING
(Check One): [ ] Form 10-K [ ] Form 11-K [ ] Form 20-F [X] Form 10-Q
[ ] Form N-SAR
For Period Ended: May 31, 1996
[ ] 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:
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: Mego Financial Corp.
Former name if applicable:
Address of principal executive office (Street and Number):
4310 Paradise Road
City, State and Zip Code: Las Vegas, NV 89109
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;
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[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.) SEE ATTACHED.
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PART IV. OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
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<S> <C>
Irving J. Steinberg (702) 737-3700
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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 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 time 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.
SEE ATTACHED
Mego Financial 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: July 15, 1996 By: /s/ Irving J. Steinberg
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Irving J. Steinberg
Mego Financial Corp.
Vice President and Chief
Accounting Officer
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ATTACHMENT TO FORM 12b-25
FORM 10-Q FOR PERIOD ENDED MAY 31, 1996
PART III - NARRATIVE
The Registrant is unable to file its Quarterly Report on Form 10-Q for the
quarter ended May 31, 1996 because the Registrant is experiencing delays in the
collection and compilation of certain financial information required to be
included in the Form 10-Q. The Registrant presently anticipates that the Form
10-Q will be filed as soon as reasonably practicable and in no event later than
the fifth calendar day following the prescribed due date.
PART IV - OTHER INFORMATION
(3) The Registrant has not determined the results of its operations for
the three months ended May 31, 1996. Based on information currently
available, the Registrant anticipates that results for the three
months ended May 31, 1996 will be materially lower than results for the
same period of the prior year, primarily as a result of increased
expenses relating to the expansion of timeshare operations and
significant one-time charges estimated to be in excess of $1.0 million
principally related to accounting and legal expense in connection with
adjustments to prior financial statements as previously disclosed.
