O:\JPETREA\98_10K\12B2598.DOC
UNITED STATES OMB APPROVAL
SECURITIES AND EXCHANGE COMMISSION OMB
Washington, D.C. 20549 Num
FORM 12b-25 ber
: 3235-0058
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NOTIFICATION OF LATE FILING SEC FILE NU
MBER
001-
13460
(Check CUSIP NUMBER
One): xForm 10-K o 190495 10 1
Form 20-F o Form 11-K o Form 10-Q o
For Period Ended: December 31, 1998
[ ] 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
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.
the registrant's executive officers have been engaged in
amending certain lending agreements, evaluating
and implementing new financial disclosures in order
to complete the audit of the company's financial
statements. due to the time and effort devoted
to these efforts, the registrant is unable to
file its form 10-k for the year ended
december 31, 1998 within the prescribed time period.
(Attach Extra Sheets if Needed)
SEC 1344 (6/94)
PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
W. RANDALL DICKERSON
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 portion thereof? xYes
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, 1998, the registrant anticipates
reporting a net loss that is substantially less than the
$82 million loss reported for the year ended December 31, 1997.
The reduction in net loss is attributable to the divestitures of
businesses that generated operating losses in 1998 and 1997
and operating improvements attained by the company.
The loss per share will reflect a significant reduction for the
year ended December 31, 1998 resulting from reduced losses
and 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 31, 1999 By /s/ W. Randall dickerson
W. Randall Dickerson
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 chapter).
