SEC FILE NUMBER
1-10176
CUSIP NUMBER
589395 10 2
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
(Check One) / / Form 10-K / / Form 20-F / / Form 11-K /X/ Form 10-Q
/ / Form N-SAR
For Period Ended: March 31, 1997
[ ] 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: __________________________
Read Instruction (on back page) 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: N/A
___________________________________________________________________________
PART I - REGISTRANT INFORMATION
Mercury Finance Company
Full Name of Registrant
Former Name if Applicable: N/A
100 Field Drive
Address of Principal Executive Office (Street and Number)
Lake Forest, IL 60045
City, State and Zip Code
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)
/X/ (a) The reasons described in reasonable detail in Part III of this
form could not be eliminated without unreasonable effort or
expense;
(b) The subject annual report, semi-annual report, transition report
on Form 10-K, Form 20-F, 11-K, 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.
PART III - NARRATIVE
State below in reasonable detail the reasons why the Form 10-K, 11-K, 10-Q,
N-SAR, or the transition report or portion thereof, could not be filed
within the prescribed time period. (Attach Extra Sheets if Needed)
The subject report on Form 10-Q could not be filed within the
prescribed time period because information required for its completion and
filing is not yet available due to an inability of management to determine
the required information as a result of discovered accounting
irregularities and related matters previously described in the Registrant's
Current Reports on Form 8-K on January 29, 1997, February 18, 1997, and
April 23, 1997. Although the Registrant will attempt to file the Form 10-Q
on or before the fifth calendar day following the prescribed due date, it
is highly unlikely that the Form 10-Q will be filed by such date. The
precise filing date remains uncertain.
PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
William A. Brandt, Jr. (847) 295-8600
(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 reports)
been filed? If answer is no, identify report(s).
\ \ Yes \X\ No
The Registrant's annual report on Form 10-K for the fiscal year ended
December 31, 1996 has not yet been filed.
(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 quantitatively, and, if appropriate, state the reasons
why a reasonable estimate of the results cannot be made.
As previously described in the Registrant's Current Reports on Form
8-K on January 29, 1997 and April 23, 1997, results of operations for
fiscal 1996 are in the process of being adjusted. As a result of the
accounting irregularities, additional loan loss reserves, and other
matters, the effect of those adjustments on the previously reported results
of operations for each quarter within fiscal 1996 is being analyzed and is
not known at this time. However, the results of operations for the first
quarter of fiscal 1997 will reflect a material decline in operating
earnings from the results originally reported for the first quarter of
fiscal 1996.
Mercury Finance Company
(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.
Date: May 16, 1997 By: /s/ Patrick J. O'Malley
Patrick J. O'Malley
Assistant Secretary
INSTRUCTION: The form may be signed by an executive officer of the
registrant or by any other duly authorized representation. The name and
title of the person signing the form shall be typed 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.
ATTENTION
Intentional misstatements or omissions of fact constitute
Federal Criminal Violations (See 18 U.S.C. 1001).
GENERAL INSTRUCTIONS
1. This form is required by Rule 12b-25 (17 CFR 240.12b-25) of the
General Rules and Regulations under the Securities Exchange Act of
1934.
2. One signed original and four conformed copies of this form and
amendments thereto must be completed and filed with the Securities and
Exchange Commission, Washington, D.C. 20549, in accordance with Rule
0-3 of the General Rules and Regulations under the Act. The
information contained in or filed with the form will be made a matter
of public record in the Commission files.
3. A manually signed copy of the form and amendments thereto shall be
filed with each national securities exchange on which any class of
securities of the registrant is registered.
4. Amendments to the notifications must also be filed on form 12b-25 but
need not restate information that has been correctly furnished. The
form shall be clearly identified as an amended notification.