SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 12b-25
Commission File Number 001-13211
NOTIFICATION OF LATE FILING
(Check One): |_|Form 10-K |_|Form 11-K |_|Form 20-F |X|Form 10-Q
|_|Form N-SAR
For Period Ended: March 31, 2000
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|_|Transition Report on Form 10-K |_|Transition Report on Form 10-Q
|_|Transition Report on Form 20-F |_|Transition Report on FormN-SAR
|_|Transition Report on Form 11-K
For the Transition Period Ended:
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Read attached instruction sheet 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:
PART I
REGISTRANT INFORMATION
Full name of registrant Information Management Associates, Inc.
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Former name if applicable
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Address of principal executive office (Street and number)
One Corporate Drive, Suite 414
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City, state and zip code Shelton, CT 06484
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PART II
RULE 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
|
|_| | (b) The subject annual report, semi-annual report, transition report
| on Form 10-K, 20-F, 11-K or Form N-SAR, or portion thereof will
| be filed on or before the 15th 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 Form 10-K, 11-K, 20-F,
10-Q, N-SAR or the transition report portion thereof could not be filed within
the prescribed time period. (Attach extra sheets if needed.)
As previously announced on February 28, 2000 and April 10, 2000, the Company
initiated an internal review of the accounting for certain transactions in 1999
and certain prior periods. The Company has not completed the internal review or
the Form 10-K for the year ended December 31, 1999. Because the Form 10-K for
1999 has not been completed, the Company was unable to complete its Form 10-Q
for the quarter ended March 31, 2000 on a timely basis.
PART IV
OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
Michael P. McGroarty 203 925-6800
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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 the answer is no,
identify report(s).
|_|Yes |X|No
The Company has not yet filed its Report on Form 10-K for the year ended
December 31, 1999.
(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.
Information Management Associates, Inc.
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(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 15, 2000 By: /s/ John A. Piontkowski
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Name: John A. Piontkowski
Title: Chief Financial Officer
Explanation of Anticipated Change In Results of Operations
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The Company is unable to reasonably estimate the change in its results of
operations for the quarter ended March 31, 2000 compared to the same period in
the prior year because the financial statements for the first quarter of 2000
have not been completed, and the Company has not completed its review of the
accounting for certain transactions in 1999 and prior periods.
