U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12B-25
NOTIFICATION OF LATE FILING
(Check One):
(X) Form 10-K () Form 20-F () Form 11-K () Form 10-Q ()Form N-SAR
For Period Ended: December 31, 1995
() 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: Not Applicable
Part I -- Registrant Information
Full Name of Registrant: Diversified Corporate Resources, Inc.
Former Name if Applicable: Not Applicable
Address of Principal Executive Office:
Diversified Corporate Resources, Inc.
12801 N. Central Expressway, Suite 350
Dallas, Texas 75243
Commission File Number: 0-13984 IRS Employer ID No.: 75-
1565578
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Part II -- Rules 12b-25 (b) and (c)
The subject report could not be filed without unreasonable effort
or expense and the Registrant seeks relief pursuant to Rule 12b-
25(b) due to the following. (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;
Yes (X)
No ( )
(b) The subject annual report or transition report of Form
10-K, or portion thereof will be filed on or before the fifteenth
calendar day following the prescribed due date, or as soon as
practicable.
(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, 20-F,
11-K, 10-Q, N-SAR, or the transition report or portion thereof
could not be filed within the prescribed period.
The Registrant currently operates two subsidiaries that were
formed in previous years to operate foreclosed upon assets. The
financial records of these subsidiaries have been converted to
generally accepted accounting principles that can be consolidated
with the financial statements of the Registrant. This process
has delayed management's ability to provide certain financial
information to its independent accounting firm in order to
complete the December 31, 1995 audit by the prescribed due date.
However, management is optimistic that the audit will be
concluded in time to file its Form 10-K by April 15, 1996.
Due to these reasons, additional time is needed to conclude the
audit of the Registrant's records and provide the Securities and
Exchange Commission with the required audited financial
information and the relevant disclosures. Therefore, the
Registrant respectfully requests an additional amount of time
following the prescribed filing date in which to file its Form
10-K for the period ended December 31, 1995.
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Part IV -- Other Information
(1) Name and telephone number of person to contact in regard
to this notification: M. Ted Dillard, Chief Financial Officer,
(214) 458-8500.
(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 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
below, both narratively and quantitatively, and, if appropriate,
state the reasons why a reasonable estimate of the results cannot
be made.
It is anticipated that the effects of the operations of the
Company's subsidiaries that are operating the foreclosed upon
assets will have a material financial impact on the results of
operations for the quarter and twelve months ended December 31,
1995 (see discussion in Part III of this report). Although
management anticipates improved operating performance over the
corresponding period for the previous year, the Registrant has
not concluded its public audit, and therefore, the financial
statements of the Registrant may be subject to significant audit
adjustments. Accordingly, this report is filed to request
additional time to obtain final audited numbers and file the
Registrant's Form 10-K for the year ended December 31, 1995.
Diversified Corporate Resources, Inc., (Registrant),
has caused this notification to be signed on its behalf by the
undersigned thereunto duly authorized.
Date: March 29, 1996 By: /s/ M. Ted Dillard
M. Ted Dillard,
Chief Financial Officer
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
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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.
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