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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
SEC FILE NUMBER 0-26500
(Check One):
|X| Form 10-K |_| Form 20-F |_| Form 11-K |_| Form 10-Q |_| Form N-SAR
For Period Ended: December 31, 1999
[ ] 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:
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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
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Full Name of Registrant: FirstCity Financial Corporation
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Former Name if Applicable:
Former conformed name: First City Bancorporation of Texas Inc
Date of name change: 07/03/95
Former conformed name: First City Acquisition Corp
Date of name change: 05/23/88
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Address of Principal Executive Office (Street and Number): 6400 Imperial Drive
54892.0004
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City, State and Zip Code: Waco, Texas 76712
PART II -- RULES 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 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, Form 11-K or Form N-SAR, or portion thereof, will be
filed on or before the fifteenth calendar day following the prescribed due
date; and 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 Forms 10-K, 20-F, 11-K,
10-Q, N-SAR, or the transition report or portion thereof, could not be filed
within the prescribed time period.
Certain financial and other information required to be disclosed in the
Registrant's Form 10-K could not be obtained by Registrant prior to the required
filing date for the report.
PART IV--OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
Gary H. Miller 254 751-1750
(Name) (Area Code) (Telephone Number)
(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 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
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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.
A review of the Company's books and records for the year ended December 31,
1999 has not yet been completed at this date. At the present time, the Company
estimates that it incurred a net loss in excess of $110 million in 1999,
compared to net loss of $25 million in 1998. The principal reason for the 1999
loss are losses resulting from the discontinuation of the mortgage business
segment consisting of Harbor Financial Group, Inc. and its subsidiaries and FC
Capital Corp., which does business as FirstCity Capital Corporation.
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FirstCity Financial Corporation
(Name of Registrant as Specified in Charter)
Has caused this notification to be signed on its behalf by the undersigned
hereunto duly authorized.
Date - March 30, 2000 By: /s/ Gary H. Miller
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Gary H. Miller, Senior Vice President
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