O:\JPETREA\98_10K\NEW12B25.DOC
UNITED STATES OMB APPROVAL
SECURITIES AND EXCHANGE COMMISSION OMB
Washington, D.C. 20549 Num
FORM 12b-25 ber
: 3235-0058
Exp
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s: May 31, 1997
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NOTIFICATION OF LATE FILING SEC FILE NU
MBER
001-
13460
(Check CUSIP NUMBER
One): x Form 10-K o 190495 10 1
Form 20-F o Form 11-K o Form 10-Q o
Form N-SAR
For Period Ended: December 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 T
ype.
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
Coastal Physician Group, Inc.
Full Name of Registrant
N/A
Former Name if Applicable
2828 Croasdaile Drive
Address of Principal Executive Office (Street and Number)
Durham, North Carolina 27705
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)
(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.
PART III - NARRATIVE
PART III
THE REGISTRANT'S EXECUTIVE OFFICERS HAVE BEEN
ENGAGED IN INTENSIVE DISCUSSIONS IN
CONNECTION WITH THE RECENTLY ANNOUNCED SALE
OF ITS DOCTORS HEALTH PLAN SUBSIDIARY AND
OBTAINING THE REQUIRED REGULATORY AND
FINANCIAL APPROVALS. THE INDIVIDUALS
CONDUCTING THESE DISCUSSIONS INCLUDE SENIOR
MEMBERS OF THE REGISTRANT'S FINANCE AND LEGAL
DEPARTMENTS WHO ARE ALSO RESPONSIBLE FOR THE
PREPARATION OF THE REPORTS UNDER THE
SECURITIES EXCHANGE ACT OF 1934. DUE TO THE
TIME AND EFFORT DEVOTED TO THESE DISCUSSIONS,
THE REGISTRANT IS UNABLE TO FILE ITS FORM 10-
K FOR THE YEAR ENDED DECEMBER 31, 1997 WITHIN
THE PRESCRIBED TIME PERIOD.
PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to
this notification
CHARLES F. KUONI, III
Executive Vice President and Chief Financial Officer
(919) 383-0355
(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 reports(s).
Yes
(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 from the corresponding
portion thereof?xYes oNo
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.
ITEM 3
FOR THE YEAR ENDED DECEMBER 31, 1997, THE
REGISTRANT ANTICIPATES REPORTING A NET LOSS
THAT IS SUBSTANTIALLY LESS THAN THE $145.5
MILLION LOSS REPORTED FOR THE YEAR ENDED
DECEMBER 31, 1996. THE REDUCTION IN NET LOSS
IS ATTRIBUTABLE TO THE DIVESTITURES OF
BUSINESSES THAT GENERATED OPERATING LOSSES IN
1996 AND OPERATING IMPROVEMENTS ATTAINED BY
THE COMPANY. THE LOSS PER SHARE WILL REFLECT
A SIGNIFICANT REDUCTION FOR THE YEAR ENDED
DECEMBER 31, 1997 RESULTING FROM AN INCREASE
DURING THE YEAR IN THE WEIGHTED AVERAGE
SHARES OUTSTANDING.
Coastal Physician Group, Inc.
(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, 1998 By /s/ CHARLES F. KUONI, III
Charles F. Kuoni, III
Executive Vice President and
Chief Financial Officer
INSTRUCTION: The form may be signed by an executive officer of
the registrant or by any other duly authorized representative.
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.
5. Electronic Filers. This form shall not be used by
electronic filers unable to timely file a report solely due to
electronic difficulties. Filers unable to submit a report within
the time period prescribed due to difficulties in electronic
filing should comply with either Rule 201 or Rule 202 of
Regulation S-T (232.201 or 232.202 of this chapter) or apply
for an adjustment in filing date pursuant to Rule 13(b) of
Regulation S-T (232.13(b) of this SEC 1344 (6/94) chapter).
