SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 12B-25
Commission File Number 1-8185
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NOTIFICATION OF LATE FILING
(Check One): |X| Form 10-K |_| Form 11-K |_| Form 20-F |_| Form 10-Q
|_| Form N-SAR
For Period Ended: June 30, 1997
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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 Form N-SAR
|_| Transition Report on Form 11-K
For the Transition Period Ended: ----------------------------------------
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:
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PART I
REGISTRANT INFORMATION
Full name of registrant BLC Financial Services, Inc.
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Former name if applicable
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Address of principal executive office (Street and number)
919 Third Avenue
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City, state and zip code New York, New York 10022
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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 appropriate box.)
|X| (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, 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 of the date of this filing, the auditors have been unable to complete
their audit (in accordance with generally-accepted auditing standards) of
the Registrant's financial statements for the fiscal year ended June 30,
1997. They are, therefore unable to render their report on the Registrant's
Consolidated Financial Statements by the date on which the Company is
required to file its Annual Report on Form 10-K for the fiscal year ended
June
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30, 1997. The Registrant will file its Annual Report on Form 10-K no later
than the fifteenth calendar day following the prescribed due date.
PART IV
OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
Jennifer Napier (212) 751-5626
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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).
|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 portion thereof?
|_| Yes |X| 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.
BLC Financial Services, Inc.
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(Name of Registrant as Specified in the Charter)
Has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.
By /s/ Jennifer Napier
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Date September 29, 1997 Jennifer Napier
Treasurer
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SCHEDULE 1
As of the date of this filing, we have been unable to complete the audit (in
accordance with generally-accepted auditing standards) of the Registrant's
financial statements for the fiscal year ended June 30, 1997. We are, therefore
unable to render a report on the Registrant's Consolidated Financial Statements
by the date on which the Registrant is required to file its Annual Report on
Form 10-K for the fiscal year ended June 30, 1997.
Richard A. Eisner & Company LLP
September 29, 1997
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