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U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
SEC FILE NUMBER
0-15946
CUSIP NUMBER
247171200
[X] 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: DECEMBER 31, 1998
Nothing in this form shall be construed to imply that the Commission has
verified any information contained herein.
PART I - REGISTRANT INFORMATION
Full Name of Registrant DELPHI INFORMATION SYSTEMS, INC.
Former Name if Applicable N/A
Address of Principal Executive Office: 3501 Algonquin Road
City, State and Zip Code: Rolling Meadows, Illinois 60008
PART II - RULES 12-b-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)
/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 or 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.
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PART III - NARRATIVE
State below in reasonable detail the reasons why 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.
The Company will be unable to timely file its Form 10-K because of certain
revenue recognition issues which it has been resolving with its auditors,
principally relating to the Company's adoption of SOP 97-2 (regarding revenue
recognition for software licenses) for the nine month period ended December 31,
1998.
PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification.
Edward J. O'Connell (CFO) (847) 506-3114
(2) Have all other periodic reports required under section 13 or 15(d) of
the Securities and 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
Delphi Information Systems, Inc. has caused this notification to be signed on
its behalf by the undersigned thereunto duly authorized.
Date: March 31, 1999 By: /s/ Edward J O'Connell
Chief Financial Officer
