UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12B-25
NOTIFICATION OF LATE FILING
SEC File Number 0-23714
CUSIP Number 001641-10-7
(Check One): [X] Form 10-K and Form 10-KSB [ ] Form 20-F [ ] Form 11-K
[ ] Form 10-Q and Form 10-QSB [ ] Form N-SAR
For the 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:_____________________________________
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: AMC FINANCIAL, INC.
Former Name if Applicable: CITYSCAPE FINANCIAL CORP.
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Address of Principal Executive Office (Street and Number): 11111 Wilcrest Green, Suite 250
City, State and Zip Code: Houston, Texas 77042
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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)
[ ] The reasons described in reasonable detail in Part III of this form could
not be eliminated without unreasonable effort or expense.
[X] 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;
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
[ ] 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 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:
AMC Financial, Inc. (the "Company") seeks relief pursuant to Rule 12b-25(b) for
the filing of its Form 10-K for the year ended December 31, 1999. The Company
emerged from bankruptcy in June 1999 and as such has encountered certain
accounting and tax presentation issues. In addition, the offices of the Company
were moved from New York, New York to Houston, Texas and pertinent information
required to prepare the Form 10-K is not readily available. Persons previously
participating in the preparation of the Form 10-K are no longer employed with
the Company and as such are not available for consultation.
The Company will file its Form 10-K for the year ended December 31, 1999 on or
before April 14, 2000.
Due to the Company's emergence from bankruptcy and the adoption of fresh start
accounting there will be a significant change between the results of operations
for the year ended December 31, 1999 and December 31, 1998. For the year ended
December 31, 1998 the Cityscape Financial Corp., the Company's predecessor,
reported a net loss of $241,076,879 and the reorganized Company will report
earnings of $400,043,313 which include an extraordinary item of $ 416,094,747
for the discharge of pre-petition liabilities.
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PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification:
JANEY ALDRED 713 787-0100
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(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
portions thereof? [X]Yes [ ] No
If so, attached 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. Explanation stated above.
AMC FINANCIAL, INC.
(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.
Date: MARCH 30, 2000 By:/S/MICHAEL L. KENNEMER
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Michael L. Kennemer
Title: Chief Financial Officer
